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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 488.15
Bid: 487.80
Ask: 488.10
Change: 2.90 (0.60%)
Spread: 0.30 (0.062%)
Open: 485.25
High: 488.80
Low: 485.20
Prev. Close: 485.25
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European stocks fall as recession fears ramp up

Wed, 28th Aug 2019 08:27

(For a live blog on European stocks, type LIVE/ in an Eikonnews window)

Aug 28 (Reuters) - European shares were trading lower inearly deals on Wednesday, led by losses in technology stocks, asfears that major economies might be on the brink of recessionintensified.

A deep inversion in the U.S. Treasury yield curve once againrattled investors still worried about economic growth in theface of a U.S.-China trade war that is now in its second yearand is weighing on the global economy.

The pan-European STOXX 600 index slipped 0.47% by0715 GMT, with Germany's trade-sensitive DAXunderperforming with a 0.54% drop.

The biggest fallers on the DAX were software provider SAP SE, chipmaker Infineon Technologies AG andpayments company Wirecard AG. They were down between0.9% and 1.2%.

Shares of British oil major BP Plc rose 1.1% and gavethe biggest boost to the main index, after the company agreed tosell all its Alaskan properties for $5.6 billion to privatelyheld Hilcorp Energy Co.

(Reporting by Amy Caren Daniel in Bengaluru; Editing by ArunKoyyur)

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*

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