empty
 
 

2017.03.2206:42:00UTC+00European Shares Lower on Trump Trade Uncertainty

European stocks retreated in early deals, extending declines from the session earlier as basic resources and banks were under pressure. Investors are beginning to doubt the extent to which U.S. President Donald Trump can deliver on his promised growth policies.

The Stoxx Europe 600 Index fell 0.7 percent, on track for its worst back-to-back fall since January. Banks and miners led declines in Europe, as all industry groups except utilities retreated.

The mining sector dropped 1.5 percent as prices of copper reached a two-week low while the banking sector fell 1.5 percent. Dutch lender ING Groep was among the largest decliners, off by nearly three percent after disclosing a criminal investigation that might result in fines. Safe-haven precious metals miners bucked the trend as Randgold Resources and Polymetal International were trading higher.

Among shares active on corporate news, Gemalto NV plunged 20 percent after the company trimmed its outlook for this year and said first-quarter revenue will decline.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback