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Home / International Markets / Stoxx Europe 600 Index dips 0.6pc, S&P’s 500 Index slips 0.2pc as European stocks fall
Stoxx Europe 600 Index dips 0.6pc, S&P’s 500 Index slips 0.2pc as European stocks fall

Stoxx Europe 600 Index dips 0.6pc, S&P’s 500 Index slips 0.2pc as European stocks fall

ROME: European stocks dropped the most in two weeks, led by energy companies, and US equity index futures slid as oil stepped back to a five-year weaker.The ruble climbed , while rubber come into a bull market.
The Stoxx Europe 600 Index slid 0.6 percent at 8:16 a.m. in London, while Standard & Poor’s 500 Index futures slipped 0.2 percent before U.S. consumer confidence data. The MSCI Asia Pacific Index (MXAP) lost 0.4 percent as Chinese shares in Hong Kong sank. The yen strengthened 0.8 percent against the dollar, while crude declined 1.4 percent in New York. Rubber jumped 3.9 percent and palm oil headed for the longest stretch of gains in a decade. Russia’s ruble advanced 3 percent.
Greek Prime Minister Antonis Samaras will meet with President Karolos Papoulias in Athens today to request elections on Jan. 25, with the opposition Syriza party leading polls as it pushes to abandon the austerity measures tied to Greece’s bailout. Chinese data this week is projected to show an official gauge of manufacturing industries in the world’s second-largest economy fell to a more than two-year low in December.
“With the holidays coming up, investors are wanting to sell out of some positions to limit any risk of bad news coming out while the market is closed,” said Takashi Aoki, a Tokyo-based money manager at Mizuho Asset Management Co., which oversees about 3.96 trillion yen ($32.9 billion).