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European investors giving up on stocks again

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The European investors once again ditched stocks in favor of safe haven assets, pushing the major benchmark indices at least 1% lower.

    At the time of writing, the Stoxx 50 index was down 1.4%. Stoxx 600 was down 1%. Germany’s DAX and London’s FTSE were down 0.90% each, while France’s CAC was down 1.1%.

    The top losers section on Stoxx 600 is dominated by UK mining and energy stocks like – Anglo American, BHP Billiton, Antofagasta, Tullow Oil. The positive side includes names like France’s Casino Guichard, UK’s Tate&Lyle.

    The drop was triggered by oil prices, which fell below $30/barrel on both the sides of the Atlantic. The weakness in the European equities has also dragged the US index futures lower.
    For more information, read our latest forex news.
     

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