European markets start lower as American worries weigh

European markets start lower as American worries weigh

On Friday, European markets started lower because fresh worries over American tax reform plans affected market sentiment and market participants were still digesting the ECB’s latest policy decision.

The EURO STOXX 50 declined 0.22%, Germany’s DAX 30 slid 0.18%, France’s CAC 40 dived 0.11%.

Financial equities showed mixed performance - French lenders BNP Paribas and also Societe Generale headed south 0.27% and 0.47% respectively. At the same time in Germany Deutsche Bank went down 0.49%, while Commerzbank inched up 0.20%.

In Italy, Intesa Sanpaolo as well as Unicredit dived respectively 0.78% and 0.85%. At the same time Spanish financial institutions BBVA and Banco Santander tacked on respectively 0.06% and 0.66%.

FTSE 100 went down 0.09% in London, suppressed by Dixons Carphone – the company’s stocks edged down 1.79%.

Financial stocks contributed to losses. Lloyds Banking dived 0.06%, the Royal Bank of Scotland sagged 0.40%, HSBC Holdings dipped 0.79%, Barclays descended 0.96%.


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