Major stock markets in Europe sank deeper into the red territory on Thursday despite growth in the service sector observed in Germany, the Eurozone, and the United Kingdom. Traders now turn their attention to several economic updates coming from the United States, most notably the Automatic Data Processing’s (ADP) National Employment Report.
Meanwhile, it was reported Amazon.com Inc. is expected to become the largest retailer in Britain by 2025, surpassing the incumbent leaders, the country’s own Tesco PLC and J Sainsbury PLC.
The DAX lost 0.67% or 104 points at 1:11 pm CET. A minute later, the FTSE 100 declined by 0.96%, while the CAC 40 dropped by 0.49%. The euro decreased by 0.14% at 1:13 pm CET, selling for $1.21944. At the same time, the pound sterling gained 0.12%, changing hands for $1.41878.