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European stocks drop as oil falters

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    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.
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