European stocks ignored oil price drop, FTSE gains 1.35%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The stock markets in Europe advanced today as investors turned a blind eye towards the oil price drop and Brexit fears.

    At the time of writing, Stoxx 50 index was up 1%. Germany’s DAX index was up 0.4% and France’s CAC had gained 1.12%.

    UK’s mining heavy FTSE index strengthened 1.5%. Oil slide keeps energy stocks under pressure in UK. Weir Group shares dropped 4%. However, miners are witnessing a technical correction, with Glencore rising 4.6%.

    Oil prices turned lower in Europe as investors shifted their focus back to OPEC’s reluctance to cut production.
    For more information, read our latest forex news.

Share This Page

free forex signals