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15 Jan 2016
European investors giving up on stocks again
FXStreet (Mumbai) - The European investors once again ditched stocks in favor of safe haven assets, pushing the major benchmark indices at least 1% lower.
At the time of writing, the Stoxx 50 index was down 1.4%. Stoxx 600 was down 1%. Germany’s DAX and London’s FTSE were down 0.90% each, while France’s CAC was down 1.1%.
The top losers section on Stoxx 600 is dominated by UK mining and energy stocks like – Anglo American, BHP Billiton, Antofagasta, Tullow Oil. The positive side includes names like France’s Casino Guichard, UK’s Tate&Lyle.
The drop was triggered by oil prices, which fell below $30/barrel on both the sides of the Atlantic. The weakness in the European equities has also dragged the US index futures lower.
At the time of writing, the Stoxx 50 index was down 1.4%. Stoxx 600 was down 1%. Germany’s DAX and London’s FTSE were down 0.90% each, while France’s CAC was down 1.1%.
The top losers section on Stoxx 600 is dominated by UK mining and energy stocks like – Anglo American, BHP Billiton, Antofagasta, Tullow Oil. The positive side includes names like France’s Casino Guichard, UK’s Tate&Lyle.
The drop was triggered by oil prices, which fell below $30/barrel on both the sides of the Atlantic. The weakness in the European equities has also dragged the US index futures lower.