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The European stock market is falling due to the raw materials sector

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The European stock market is falling due to the raw materials sector

The European stock market is falling due to the raw materials sector
October 27
15:00 2016

European stock markets are falling on Thursday due to the weakened commodity stocks, while the rise of the financial sector due to the results of Barclays and Deutsche Bank that have exceeded forecasts has proved to be short-lived.

By the morning, the pan-European STOXX 600 index has fallen by 0.2 percent because of the decline of the sub index of basic resources by 1.1 percent.

Securities of Deutsche Bank have risen by 0.6 percent after the German lender suddenly recorded net profit in the III quarter due to the growth of the bonds trade, while the reserves for settlement of lawsuits have soared to 5.9 billion euros from 5.5 billion euros.

Barclays and BBVA announced about their quarterly profit that had exceeded the forecasts. Due to this the shares of creditors have increased by 0.3 and 1.1 percent respectively.

Papers of Amec Foster have declined by 19.1 percent. This is the worst dynamics at the market, after the British engineering company said that trading in 2016 and 2017 would meet the expectations of the Board of Directors.

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1 Comment

  1. George
    George October 27, 20:03

    Amec Foster is worth mentioning, but taking into consideration that the world is giving up the development of new mineral deposits, investment in shares of Amec Foster may not pay off in the coming years

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