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- European stock markets mid-session: European indices trading lower – energy stocks slump
European stock markets mid-session: European indices trading lower – energy stocks slump
European indices continue to fall as energy stocks weigh on the indices as oil prices declined to five-year lows yesterday. The FTSE 100 index lost -1% quoted at 6,605.25 points after Manufacturing production in the U.K. fell to -0.7% in October. Industrial output also declined to -0.1%. France's CAC 40 declined -1.08% trading at 4,328.04 and Germany's DAX 30 declined -0.76% amid disappointing industrial production data published Monday trading at 9,938.47 points, after seeing new record highs on Friday. Germany's Trade Balance improved reading 20.6 beating forecasts of 18.1. Mario Draghi's remarks continue to weigh on European stocks. At last week's ECB meeting he said that the bank will not start quantitative easing right away.
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