European shares start steeply lower

European shares start steeply lower

On Wednesday, European stocks started steeply lower, driven by sharp losses in the financial sector because an everlasting dip in crude prices applied pressure on energy stocks.

The EURO STOXX 50 moved down 1.03%, French CAC 40 lost 1.24%. As for German DAX 30, this benchmark slumped 0.65%.

Financial stocks generally declined as French lenders BNP Paribas as well as Societe Generale lost  2.11% and 2.32% respectively, while Germany's Deutsche Bank and Commerzbank dived respectively 1.28% and 1.59%.

As for peripheral lenders, Italian Intesa Sanpaolo and Unicredit went down respectively 1.18% and 1.60%, while Spanish banks BBVA along with Banco Santander decreased 0.98% and 1.23% respectively.

Meanwhile, everlasting worries as for the level of American crude output suppressed crude prices, which in turn brought stocks down.

FTSE 100 lost 0.35% in London, suppressed by Provident Financial, whose stocks slipped 14.41%.

Similar

FTSE 100 keeps struggling for 3rd day

On Friday, British equities headed south, with bank equities keying off dips on Wall Street where concerns as for progress for tax cuts as well as other reforms ramped up, although the blue-chips market was still on course for a weekly soar…

Australian equities inch down

On Friday, Australian equities lost after the close because losses in the A-REITs, Financials as well as Utilities sectors suppressed stocks…

Popular

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera