European stocks are trading at the lowest in five years as an equities rout that wiped out this year’s gains for U.S. stocks continued across markets.
Here’s something to think about: Europe never had the euphoric bull run that’s rapidly unwinding in the U.S. But Thursday is again a reminder that hardly any market is spared when there’s a sell-off on Wall Street.
– Shares in the world’s largest advertising company slumped 18%
– WPP now expects sales to fall this year and its profit margin to decline.
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