European exchanges are trading in the red on the corporate news

European exchanges are trading in the red on the corporate news


As at 11.48 GMT, the British FTSE 100 fell to 6331,48 points, the German DAX 30 to 10120,46 points, French CAC 40 to 4670,08 item. The growth index was affected by a drop in shares of energy and commodity companies.

MOSCOW, 20 Oct. Major stock indexes in Europe at the opening of trading on Tuesday down due to news of local companies, according to AFP.

As at 11.48 GMT, the British FTSE 100 fell 0.33% to 6331,48 points, German DAX 30 — on 0,43%, to 10120,46 points, French CAC 40 — on 0,72%, to 4670,08 item.

The decline in European indices contributed to the drop in shares of energy and commodity companies. For example, shares of Glencore Xstrata Plc and ArcelorMittal has lost more than 2.3%, securities Tullow Oil Plc and Seadrill Ltd has also gone into negative.

A decrease in the indices also contribute to the speculation about what’s upcoming this week, the European Central Bank (ECB), the regulator will announce plans to introduce new measures to stimulate the Euro area economy.

“The market is intensively speculating about further stimulus measures by the ECB, as the Eurozone economy is faced with low export demand and a wave of risk aversion on the part of investors”, — said the Agency Bloomberg head of research Department of fixed income at Julius Baer Marcus Allenspach (Markus Allenspach).