The European indices began with significant losses today, following the new disappointing data that were released on manufacturing activity in China, which confirm the slowdown in the country's development.
The British FTSE 100 index fell by 1.01% at 6,185 points, the German DAX recorded a fall of 1.70% at 10,085 points and the French CAC 40 moved downwards by 1.37% at 4,589 points.
The STOXX 600 fell by 1.46% at 357.51 points. The index, which closed in August with losses of 8.5%, trades now at a level that is 15.6 times multiplied the estimated profits of its listed companies from the level that it was 17.4 times multiplied the estimated profits in April.
Yesterday one of the worst months of the last four years ended, due to developments in China. It is estimated that more than $5.7 trillion have been lost from the international markets, while volatility also reached record levels.
On the board now, Elekta AB (OTC:EKTAY) recorded profits of 6% as its management announced that the second half of the year the company will return to growth and showed some positive prospects.
Meanwhile, earlier it became known that the manufacturing index (PMI) in China fell to a three-year low in August at 49.7 points from 50 points in July. Analysts were expecting it to stand at 49.8 points.
A Fall Of Almost 4% In Tokyo
The transactions in the stock market of Tokyo were completed with a fall today, in the wake of disappointing data on Chinese manufacturing sector, which shrank for a sixth consecutive month in August.
Amid concerns about the situation of the Chinese economy, the Nikkei 225 index fell by 3.84% at 18,165.69 points.