European stocks decline as banks dip

European stocks decline as banks dip

On Monday, European shares went down because an early boost from energy stocks faded. Meanwhile, banks headed south too, affected by Spain's Banco Popular on worries that it could be wound down.

The STOXX 600 decreased 0.15%, with activity tamed by a public holiday in the region. At the same time the UK’s FTSE that reached a new record peak on Friday, slumped 0.3%.

Crude oil prices edged up 1% before paring revenues after top exporter Saudi Arabia as well as other Arab states suddenly cut ties with Qatar, accusing this country of backing terrorism.

Stocks in BP and Royal Dutch Shell went up moderately, while Italy's Eni sagged 0.3% and France's Total lost 0.2%.

The German as well as some other European stock markets were unavailable due to a public holiday.

Banks turned to be the biggest drag to the STOXX index with Banco Popular losing 18% and tumbling to new record minimums on worries that it could be wound down if it fails to find a buyer.


Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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