4 Aug 2015
European stocks trade weak, Greek shares plunge
FXStreet (Mumbai) - European equities traded lower on Tuesday after slipping commodity price and energy stocks dented risk sentiment on Wall Street and in Asia.
The European Stoxx 600 was down over 0.2% in the morning. London's FTSE 100 and the German DAX trade up around 0.2%, while the French CAC saw a 0.2% decline. Italy's FTSE MIB was down over 0.8%. Meanwhile, the Greek stock market was down almost 3%.
The Stoxx 600 oil and gas sector was in the red due to the continuing commodities rout.
Greek banking stocks plunge
The Greek banking index comprising the four major lenders, was down 29.2%, virtually at its 30% daily limit for losses, thereby dragging the main Athens index down and reflecting the country's continuing financial and economic woes.
The European Stoxx 600 was down over 0.2% in the morning. London's FTSE 100 and the German DAX trade up around 0.2%, while the French CAC saw a 0.2% decline. Italy's FTSE MIB was down over 0.8%. Meanwhile, the Greek stock market was down almost 3%.
The Stoxx 600 oil and gas sector was in the red due to the continuing commodities rout.
Greek banking stocks plunge
The Greek banking index comprising the four major lenders, was down 29.2%, virtually at its 30% daily limit for losses, thereby dragging the main Athens index down and reflecting the country's continuing financial and economic woes.