Fears of slowing global growth push European shares down 1%

European shares fell today, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus.

The pan-European Stoxx 600 index fell one percent by 0712 GMT, and is on track to record its biggest daily drop in three weeks, after losses incurred overnight by the Standard & Poor’s 500 index on Wall Street and Asian stocks.

Swedish investment firm EQT fell 5.9 percent after a share deal, and Stellantis fell 2.5 percent after Hong Kong’s Dongfeng Motor said it had sold shares in the automaker for about 600 million euros ($710 million).
According to “Reuters”, the shares of the French pharmaceutical company Sanofi fell 1.4 percent after it agreed to buy the American biopharmaceutical company Cadmon Holdings in a deal worth 1.9 billion dollars.

British industrial technology firm Smiths Group rose 3.8 percent after it agreed to sell its medical unit to US-based ICU Medical for $2.4 billion.

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