27 Nov 2015
European stocks drop from three-month high closing
FXStreet (Mumbai) - The stock markets in Europe fell on Friday, tracking the sharp losses in the Chinese equities.
At the time of writing, the pan-European Euro Stoxx 50 index traded 0.30% lower. Germany’s DAX was down 0.30% too, along with a 0.4% loss in London’s FTSE and France’s CAC.
The sentiment turned risk averse on account of a 55 drop in the Shanghai Composite. Chinese stocks suffered due to industrial profits data in China and news that the country's securities regulator was looking to clamp down on how brokerages finance their clients' stock purchases.
Mining stocks took a hit, with major losses in the UK’s miners - Anglo-American, BHP Billiton, Glencore, Fresnillo.
The European markets closed at a three-month high yesterday in anticipation of a fresh ECB easing next week.
At the time of writing, the pan-European Euro Stoxx 50 index traded 0.30% lower. Germany’s DAX was down 0.30% too, along with a 0.4% loss in London’s FTSE and France’s CAC.
The sentiment turned risk averse on account of a 55 drop in the Shanghai Composite. Chinese stocks suffered due to industrial profits data in China and news that the country's securities regulator was looking to clamp down on how brokerages finance their clients' stock purchases.
Mining stocks took a hit, with major losses in the UK’s miners - Anglo-American, BHP Billiton, Glencore, Fresnillo.
The European markets closed at a three-month high yesterday in anticipation of a fresh ECB easing next week.