European Stocks Drop as Oil Falters
Stock markets across Europe dropped in early trading, tracking weak Asian equities and drop in oil prices.
At
the time of writing, Stoxx 50 index was down 0.50%. Germany’s DAX was
down 0.63% and France’s CAC was down 0.58%. UK’s mining heavy FTSE was
down 0.44% as well. The broader index Stoxx 600 was down 0.70% as well.
and
Italian bank shares were dominating the gainers list from Stoxx 600
index. On the other hand, Switzerland’s Nestle was down 3.51%.
Asian
markets were trading mostly lower. China CPI data release triggered
speculation the nation would keep its loose monetary policy, but failed
to support stock markets.
(Market News Provided by FXstreet)
