European stocks extend losing streak as global tech outage disrupts key sectors
European stocks extended their losses on Friday as a global tech outage disrupted banks, airlines, and sectors globally, marking the longest losing streak since October 2023.
ADVERTISEMENTEuropean stock markets extended their losses on Friday, suffering the longest losing streak since October 2023, as a tech outage caused by “defective” Crowdstrike software triggered issues with customers of Microsoft’s Azure and Office365 services, which subsequently disrupted banks, airlines, and various other sectors across the globe.
By 11.45 a.m. CET, the Euro STOXX 50 index had fallen 0.5%, and the Euro STOXX 600 index was down 0.6%, marking the fifth straight session of losses for European stocks.
All major country indices were in…
