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European stocks drop in early trading

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets across Europe trade moderately weak in the early session as the investors remain cautious due to moderate weakness in the oil prices.

    The pan-European blue chip Euro Stoxx 50 index fell 0.28%. Among the regional indices, Germany’s DAX fell 0.16%, London’s FTSE fell 0.23%. France’s CAC also declined 0.27%.

    The miners advanced in early trading, but it remains to be seen if the technical recovery continues or the selling resumes on account of the weakness in oil prices. Shares in Rio Tinto and Glencore rose 1% each. German chipmaker Infineon AG gained 0.5%. Meanwhile, shares in Anglo American and Tullow Oil were down 1.4% each.
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