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European stocks extend last week’s drop

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets across Europe began the day on a flat note before suffering moderate losses. The stocks fell 4.8% last week in volatile trading.

    At the time of writing, the pan-European Stoxx 50 index was down 0.80%. Germany’s DAX and France’s CAC were down at least 1% each. The mining-heavy UK’s FTSE was down 0.50%.

    Among stocks, Norway’s Seadrill was down 7.7%, followed by a 7.5% drop in National Bank of Greece. The UK miners like Glencore, Rio Tinto were up more than 3%. Randgold resources gained 2.8% after saying it more than doubled its spare cash last year.
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