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European stocks drop again, Stoxx 50 retreats 2%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The stock markets across Europe fell again with major banking stocks leading the fall.

    At the time of writing, the Stoxx 50 index was down 2%. Germany’s DAX was down 1.6% and France’s CAC was down 1.8%. UK’s FTSE index was down 1.5%.

    France’s Societe Generale fell more than 7%. Italian banking group Intesa Sanpaolo was down almost 4%. German lender Deutsche Bank shares were down 4.18% as well.

    Earlier today, Japan’s Nikkei index fell 2.3%, sending the Yen to fresh multi-month highs across the board.
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