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European stocks slide, FTSE hits 4-1/2 month low

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The stock markets in Europe opened lower on Monday and extended losses following a risk averse action in the Asian equities.

    The mining heavy UK’s FTSE index fell to its lowest since August 24th. As of writing, the index traded 1.7% lower at 5860. The pan-European Stoxx 50 index was down 2.18%.

    The overwhelming bearish mood stays intact as investors fear a deflationary crash due to china slowdown and the drop in the oil and other commodity prices.

    Shares in Deutsche Bank were down 3.71% and were the top losers in the Stoxx 50 index. All 50 stocks are trading in the red. Meanwhile, shares in UK’s Randgold Resources and BHP Billiton were up 0.20% each. Shares in Tullow Oil were down 3.8%.
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