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European stocks back in the red as energy shares fall

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The corrective rally in the European stock markets came to a halt as the energy shares dropped, tracking losses in oil prices.

    At the time of writing, the pan-European Euro Stoxx 600 index was down 0.5%. Among the regional indices, Germany’s DAX was down 0.40%, while France’s CAC was down 0.45%. The mining heavy UK’s FTSE was down 0.44%.

    Norway’s Seadrill and Subsea were down 7.5% and 6.3% respectively. In London, shares like Tullow Oil, Anglo American were down in range of 3.3%-2.6%.

    Miners and Energy shares dropped as oil prices fell into losses. Both benchmarks are currently down atleast 2%.
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