European stocks drop in early trading

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The major stock markets across Europe opened on a weaker note as investors ignored the technical correction in the oil prices.

    At the time of writing, the pan-European Euro Stoxx 50 index fell more than 0.6%. Among the regional indices, Germany’s DAX fell 0.5%, France’s CAC was down 0.40%. The mining-heavy London’s FTSE fell 0.23%.

    Stock markets suffered sharp losses in the last two trading sessions on account of the sharp fall in commodities. It remains to be seen if the mining stocks across Europe witness technical recovery or extend the drop on prospects of low demand from China.
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