Euro hits 5-year low, stocks down again on mixed earnings

LONDON – The euro dropped to its weakest since 2017 on Wednesday as investors increasingly concerned about the global growth and inflation outlook snapped up dollars, while a mixed bag of corporate earnings sent stock markets lower again.

European stocks fell, although the drops were not as sharp as on Wall Street where the tech-heavy Nasdaq 100 closed down 3.3 percent at its lowest level since late 2020.

The Euro STOXX 600 was down 0.3 percent, while Germany's DAX weakened 1.2 percent. Britain's FTSE 100 slipped 0.1 percent.