European stocks drop for third day as investors worry what’s next

FXStreet (Mumbai) – The stock markets in Europe dropped for the third day, ignoring the uptick in the oil prices as investors worry where central banks are heading after Japan’s negative rates surprise.

At the time of writing, the pan-European Euro Stoxx 50 index was down 1%. Germany’s DAX was down 1% as well, while France’s CAC was trading 0.70%. UK’s FTSE was down 0.8%.

Among the Stoxx 600 components, Deutsche bank shares dropped almost 4%. UK lenders Barclays and Standard Chartered also dropped at least 3.5% each.

The three-day losing streak comes after Friday’s BOJ driven rally. Investors are clearly worried about the future course of action if the negative rates strategy fails to prop up the economy.

The stock markets in Europe dropped for the third day, ignoring the uptick in the oil prices as investors worry where central banks are heading after Japan’s negative rates surprise.

(Market News Provided by FXstreet)