LONDON — An overnight selloff in the U.S., and a terrorist attack in a busy shopping district in Jakarta, Indonesia, pushed European stock markets down in mid-morning trading on Thursday, with all major indices suffering.
The DAX in Frankfurt and the CAC 40 in Paris both fell 2.1 percent, to 9,754.92 and to 4,300.61 respectively. The FTSE 100 in London was down 1.6 percent to 5865.53, while the FTSE MIB in Milan retreated 1.5 percent to 19,846.71.
The euro traded at $1.08, while the pound fetched $1.44, and the Swiss franc equaled $0.99 at 11:05 a.m. CET.
Retail and luxury stocks were down, too, with the morning’s biggest fallers including Unilever, 4.4 percent to 37.22 euros; Salvatore Ferragamo, 4 percent to 20.77 euros; Geox, 4.5 percent to 3.57 euros; and Yoox Net-a-Porter Group, 3.1 percent to 30.49 euros.
Among the few stocks that gained ground was Burberry Group, 1.8 percent to 11.32 pounds, after it said third-quarter retail sales were flat at reported rates and grew 1 percent at underlying ones, falling short of internal targets.
Tesco was also on the upswing, climbing 4.9 percent to 1.66 pounds, while Mulberry Group gained 0.6 percent to 9.57 pounds.
Earlier today there was a terrorist bomb attack on a busy shopping district of Jakarta with at least seven people killed, according to the BBC. One of the main targets was a Starbucks, where the attackers — thought to be linked to IS — detonated explosives.
Overnight, investors were jittery about falling crude oil prices, dumping their riskier assets.