European stocks extend last week’s drop

FXStreet (Mumbai) – The stock markets across Europe began the day on a flat note before suffering moderate losses. The stocks fell 4.8% last week in volatile trading.

At the time of writing, the pan-European Stoxx 50 index was down 0.80%. Germany’s DAX and France’s CAC were down at least 1% each. The mining-heavy UK’s FTSE was down 0.50%.

Among stocks, Norway’s Seadrill was down 7.7%, followed by a 7.5% drop in National Bank of Greece. The UK miners like Glencore, Rio Tinto were up more than 3%. Randgold resources gained 2.8% after saying it more than doubled its spare cash last year.

The stock markets across Europe began the day on a flat note before suffering moderate losses. The stocks fell 4.8% last week in volatile trading.

(Market News Provided by FXstreet)

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