European Stocks Suffer Worst Month Since February As Perfect Storm Of EM Contagion, Italy Jitters Comes Calling

European Stocks Suffer Worst Month Since February As Perfect Storm Of EM Contagion, Italy Jitters Comes Calling

Well, European shares closed out August on a decidedly sour note thanks in no small part to renewed trade tensions with the U.S. after Donald Trump told Bloomberg that the bloc's offer to "go to zero" on auto tariffs "isn't good enough." The Stoxx 600 Automobiles & Parts Index dove 1.5% Friday on the news. The broad Stoxx 600 had its worst month since August after falling 0.8% to close the week. Banks were the laggard on the month, diving on worries about exposure to the debacle in Turke
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