European stocks ignored oil price drop, FTSE gains 1.35%

The stock markets in Europe advanced today as investors turned a blind eye towards the oil price drop and Brexit fears. 

At the time of writing, Stoxx 50 index was up 1%. Germany’s DAX index was up 0.4% and France’s CAC had gained 1.12%. 

UK’s mining heavy FTSE index strengthened 1.5%. Oil slide keeps energy stocks under pressure in UK. Weir Group shares dropped 4%. However, miners are witnessing a technical correction, with Glencore rising 4.6%. 

Oil prices turned lower in Europe as investors shifted their focus back to OPEC’s reluctance to cut production.