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- European stocks are in red zone
European stocks are in red zone
European stocks fell, investors awaited Wednesday’s release of minutes from last month’s Federal Open Market Committee meeting.
Shares of Glencore Xstrata lost 1.6% after Reuters reported the mining company may write down as much as $7 billion of inherited Xstrata assets when it reports results this week.
Lenders Drop after Bank of Spain data showed that Spanish banks' bad loans rose to a fresh high of 11.6% in June vs 11.2% in May. Shares of Banco Santander SA -1.4%, UBS -1.7%, UniCredit SpA -3.6%, Banco Popolare SC -3.9%.
Currently:
FTSE 6,489.5
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