
European stocks experienced significant volatility over the past two days. On September 30, 2024, Europe's STOXX 600 index fell by 1%, with Britain's FTSE 100 and Germany's DAX both down 1% and 0.7% respectively. France's CAC 40 dropped by 2%, and Spain's IBEX decreased by 0.6% to 11,929.0 and 0.65% to 11,889.6. The decline was attributed to a profit warning from Stellantis, which led to a plunge in auto stocks. On October 1, 2024, the market showed some recovery in the morning with Germany's DAX up 0.5% and the STOXX 600 up 0.2%. However, by the afternoon, the STOXX 600 turned lower and was unchanged, with European bank stocks down 2%, marking their biggest daily drop in eight weeks. Spain's IBEX saw a significant decline of 1.83% to 11,659.7.
⚠ EUROPE'S STOXX 600 DOWN 0.4% **BRITAIN'S FTSE 100 UP 0.5%; GERMANY'S DAX DOWN 0.7% **FRANCE'S CAC 40 DOWN 1%; SPAIN'S IBEX DOWN 1.8% **EURO STOXX INDEX DOWN 0.8%; EURO ZONE BLUE CHIPS DOWN 1%
⚠ SPAIN’S IBEX <.IBEX> DOWN 1.83% AT 11,659.7
⚠ EUROPEAN BANK STOCKS <.SX7P> DOWN 2%; ON TRACK FOR BIGGEST DAILY DROP IN EIGHT WEEKS