Tuesday, 16 January 2018
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European stocks suffer third day of losses
Saturday, 16 December 2017 01:16 WIB | MARKET UPDATE |Indeks Stoxx Europe 600Saham Eropa

Stocks across Europe ended mostly lower on Friday, as retail and bank shares slumped into negative territory, and yanked the regional benchmark lower for a third straight session.

The Stoxx Europe 600 index dropped 0.2% to 388.19, deepening its weekly loss to 0.3%. Last week, it rose 1.4%.

On national bourses, France™s CAC 40 fell 0.2% to 5,349.30, while Germany™s DAX 30 index advanced 0.3% to 13,103.56.

In London, the FTSE 100 rose 0.6% to 7,490.57, as the pound tumbled.

Sterling tumbled to $1.3313, down from $1.3430 late Thursday in New York. A weaker sterling tends to give the FTSE 100 a boost as about 75% of revenues for the index™s components is made overseas.

The euro  traded at $1.1768, down from $1.1778 late Thursday.

Source: Marketwatch

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