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European stocks drop as miners retreat

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - European stocks fell for a second day due to the losses in the mining and chemical stocks.

    The pan-European Euro Stoxx 600 index retreated 0.60% to trade around 373.64 levels. Among regional indices, Germany’s DAX fell 0.37% and France’s CAC lost 0.53%. The UK’s FTSE index also suffered 0.42% loss.

    Among the Stoxx 600 stocks, Tullow Oil and Anglo American were down 3.5% each. Germany’s Dialog shares were down 6.85%. Meanwhile, the positive side includes names like Talk Talk, United Internet AG and DS Smith.

    Both the Federal Reserve and the Bank of Japan will give policy updates this week, with the U.S central bank announcing its rate decision on Oct. 28.
    For more information, read our latest forex news.

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