European stock markets go down as crude languishes near minimums

European stock markets go down as crude languishes near minimums

On Thursday, European stock markets went down for a third straight day because battered crude prices hovered close to seven-month minimums reached overnight on concerns about a supply glut as well as declining demand.

Britain's FTSE 100, France's CAC 40 and Germany's DAX - all tumbled 0.3-0.4% because trading in the EU got under way. As for American stock futures, they lost too.

Steep drops in crude prices this week have affected energy stocks and also dampened traders' expectations for higher inflation, which would justify tighter monetary policies by key central banks.

In Asia, MSCI's broadest index of Asia-Pacific stocks rose 0.6%. However, Japan's Nikkei N225 concluded a touch lower because a stronger yen along with a dip in the stocks of auto air bag-maker Takata Corp affected market sentiment.

American crude futures declined, hitting $42.50 a barrel. On Wednesday, they lost 1.6%, having hit their lowest value since August.

 

Similar

Most Asian equities soar

On Friday, the vast majority of Asian equities demonstrated moderate revenues, although market participants cast nervous eyes at the United States, where legislation to avert a Federal Government shutdown was proceeding in Congress…

Asian equities hit record maximums after Wall Street soar

On Thursday, Asian equities hit record maximums, with a jump by Wall Street backing bullish investor sentiment, while the evergreen buck rebounded from three-year minimums because comments by European Central Bank officials softened the euro's recent…

Popular

Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight…

Gold is at 5-month minimums on stronger greenback

On Friday, gold dived to five-month minimums because optimism as for the US tax reform overhaul kept underpinning demand for the US dollar ahead of the highly-anticipated American nonfarm payrolls report to be released a bit later in the day…

Gold descends on profit-taking in Asia

On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy…

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