News

Europe Markets: European stocks skid after Fed minutes, with miners tumbling

0

European stocks slumped on Thursday, with mining stocks losing ground after minutes from the last Federal Reserve interest-rate-setting committee indicating it was soon going to start reducing the rate of bond purchases.

The Stoxx Europe 600
SXXP,
-2.16%

fell 2% to 464.82, in the first opportunity for investors in Europe to react to the Fed news.

Of the major regional indexes, the German DAX
DAX,
-2.00%

skidded 1.8%, the French CAC 40
PX1,
-2.90%

slumped 2.9% and the U.K. FTSE 100
UKX,
-2.27%

slumped 2.3%.

The Stoxx Europe 600 basic resources index
SXPP,
-4.76%

dropped nearly 5%. Futures on copper
HG00,
-3.30%

and platinum
PL00,
-3.01%

each fell nearly 3%.

U.S. stock market futures
ES00,
-1.00%

also dropped.

Living With Climate Change: Think you’re fully insured against hurricane damage? Here’s what you might be missing

Previous article

Where Should I Retire: I love cool weather and the outdoors to hike but can’t afford to stay in Oakland — where should I retire in the western U.S.?

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in News