OctaFX | OctaFX Forex Broker
Open trading account
Back

European stocks drop as miners retreat

FXStreet (Mumbai) - European stocks fell for a second day due to the losses in the mining and chemical stocks.

The pan-European Euro Stoxx 600 index retreated 0.60% to trade around 373.64 levels. Among regional indices, Germany’s DAX fell 0.37% and France’s CAC lost 0.53%. The UK’s FTSE index also suffered 0.42% loss.

Among the Stoxx 600 stocks, Tullow Oil and Anglo American were down 3.5% each. Germany’s Dialog shares were down 6.85%. Meanwhile, the positive side includes names like Talk Talk, United Internet AG and DS Smith.

Both the Federal Reserve and the Bank of Japan will give policy updates this week, with the U.S central bank announcing its rate decision on Oct. 28.

USD/JPY drops to 10-DMA, eyes Friday’s low

The Japanese yen is seen picking-up significant strength versus the US dollar after the European open, pushing USD/JPY towards 10-DMA located at 120.30.
Read more Previous

Turkey Foreign Arrivals climbed from previous -2.88% to -2.31% in September

Turkey Foreign Arrivals climbed from previous -2.88% to -2.31% in September
Read more Next
Start livechat