European stocks show signs of risk-off

FXStreet (Mumbai) – European stocks erased early gains to trade with losses despite the uptick in the energy shares.

At the time of writing, the pan-European Euro Stoxx 600 index was down 0.40% at 355.63 levels. The blue chip Stoxx 50 index was down 1.14%. Among the regional indices, Germany’s DAX and France’s CAC was down 0.50% each.

Meanwhile, the mining-heavy London’s FTSE was up 0.16% due to uptick in the energy shares. Shares in BG Group, Tullow Oil and Weir group were among the top gainers in the Stoxx 600 index. The losing side includes names like Spanish Abengoa, Italy’s CNH Industrial NV.

Markets rallied on Monday by news out of China, where the government said they would adopt more “flexible” fiscal and monetary policies next year.

European stocks erased early gains to trade with losses despite the uptick in the energy shares.

(Market News Provided by FXstreet)