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18 Dec 2015
European stocks snap three-day rally
FXStreet (Mumbai) - The stock markets across Europe weakened on Friday, triggering a drop in the Euro Stoxx 600 index after three-day rally.
At the time of writing, the pan-European Stoxx 600 index was down 0.30% at 363.83. The Stoxx 50 index was down almost 0.90%. Among the regional indices, Germany’s DAX was down 0.70%, while France’s CAC was down 0.66%. London’s FTSE was down 0.36%.
Germany’s Telefonica Deutscheland shares fell 4.14% along with a 3% drop in the Swiss Logitech International. Telefonica Deutscheland shares are having a worst day in 3 months on the Morgan Stanley downgrade.
Meanwhile, the UK’s Miners and Energy shares have ticked higher. Shares in Anglo American and BHP Billiton are up 5% and 2% respectively.
The stock markets in Europe took cues from the weak closing on the Wall Street on Thursday and the drop in the Asian equities today.
At the time of writing, the pan-European Stoxx 600 index was down 0.30% at 363.83. The Stoxx 50 index was down almost 0.90%. Among the regional indices, Germany’s DAX was down 0.70%, while France’s CAC was down 0.66%. London’s FTSE was down 0.36%.
Germany’s Telefonica Deutscheland shares fell 4.14% along with a 3% drop in the Swiss Logitech International. Telefonica Deutscheland shares are having a worst day in 3 months on the Morgan Stanley downgrade.
Meanwhile, the UK’s Miners and Energy shares have ticked higher. Shares in Anglo American and BHP Billiton are up 5% and 2% respectively.
The stock markets in Europe took cues from the weak closing on the Wall Street on Thursday and the drop in the Asian equities today.