European Market Review - 15th of August 2019

European stocks retreated some territory today amid a volatile session after a global sell-off as bond markets stoked fears of an impending recession.

The pan-European Stoxx 600 tumbled 0.7% by mid-morning, basic resources leading the declining path.

The German DAX-30 dropped 0.64% to 11419.64 and the French CAC-40 lost 0.43% to 5228.51.

The U.K. FTSE-100  fell after the stock markets of some companies declined trading without the right to the next dividend payment, slipping 0.85% to 7086.77.

In fact, the British U.K., retail sales advanced at a solid rate of 3.3% in July compared to a year ago, as reported by the Office for National Statistics.

Danish beer giant Carlsberg rallied a whole 4.5% and reached a fresh all-time high after it reported promising first-half earnings, boosting its revenues by 6.5%