World stocks slide for third day in a row, Europe nudges 6-week low

Update World stocks slide for third day in a row, Europe nudges 6-week low
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Updated 09 September 2021
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World stocks slide for third day in a row, Europe nudges 6-week low

World stocks slide for third day in a row, Europe nudges 6-week low
  • World share markets slipped for a third straight day on Thursday
  • Europe's regional STOXX 600 flirted with a six-week low in early trading

World share markets slipped for a third straight day on Thursday as Beijing took another swipe at its big tech firms and U.S. stock index futures fell on Thursday ahead of weekly jobless claims data, as slowing economic growth dragged senitment downwards. 


Europe's regional STOXX 600 flirted with a six-week low in early trading, over concerns about a tighter bond program. The European Central Bank confirmed it will dial back pandemic bond purchase stimulus to a "moderately lower pace."

Futures tied to the S&P 500 and Dow Jones suggest that both the indexes would extend losses for a fourth straight session at the open, with the benchmark index set for its worst losing streak since June.

Chinese tech giants Tencent, NetEase and Alibaba had slumped 6 percent, 7 percent and 4 percent respectively overnight after online gaming chiefs were summoned by authorities to check they are sticking to strict new rules for the sector.

Airline and travel stocks were among the big losers. After hitting record highs in mid-August, the STOXX 600 has traded below those levels as fears about the fast-spreading Delta coronavirus variant, slowing recovery, and the withdrawal of stimulus by major central banks worried investors.