Post by Logan on Jan 18, 2016 8:41:19 GMT -6
At attempted rebound in European stocks quickly fizzled out on Monday after markets around the world and oil prices slumped to multi-year lows amid persistent worries over global growth.
Middle Eastern stocks plunged overnight, catching up with the fall across global bourses on Friday, while the prospect of a jump in Iranian crude exports after the lifting of sanctions against the country weighed heavily on oil.
With U.S. markets closed for the Martin Luther King Day holiday, equity bulls were relying on Europe to fight back from the worst ever start to a year. The main European indices have lost as much as 10 percent in just two weeks.
Monday saw early gains for the FTSEuroFirst 300 index of leading shares but it had given up most of them by midday to trade up just 0.1 percent .FTEU3 higher. Britain's FTSE 100 and France's CAC 40 were flat .FTSE .FCHI, while Germany's DAX was down 0.2 percent .GDAXI.
Continue reading at www.reuters.com/article/us-global-markets-idUSKCN0UV13E .
Middle Eastern stocks plunged overnight, catching up with the fall across global bourses on Friday, while the prospect of a jump in Iranian crude exports after the lifting of sanctions against the country weighed heavily on oil.
With U.S. markets closed for the Martin Luther King Day holiday, equity bulls were relying on Europe to fight back from the worst ever start to a year. The main European indices have lost as much as 10 percent in just two weeks.
Monday saw early gains for the FTSEuroFirst 300 index of leading shares but it had given up most of them by midday to trade up just 0.1 percent .FTEU3 higher. Britain's FTSE 100 and France's CAC 40 were flat .FTSE .FCHI, while Germany's DAX was down 0.2 percent .GDAXI.
Continue reading at www.reuters.com/article/us-global-markets-idUSKCN0UV13E .