DAX, CAC 40 close at lowest in two years

Markets 12/10/2018, 5:54 PM
DAX, CAC 40 close at lowest in two years

European stocks fell strongly on Monday, parallel to volatility in early trade in the United States, as the decision by the government of the United Kingdom to delay the crucial Brexit vote sparked a selloff. The German DAX index finished 1.54% in the hole, at the lowest level since December 2, 2016. Deutsche Bank had the worst fall, 5.55% to €7.277 per share, the weakest mark in history.

The FTSE 100 lost 0.83% as a slump in the pound mitigated the drop. The indicator remained above the two-year low, registered on December 7. Depreciation benefits companies listed in London which lean on revenue from abroad. GVC Holdings tumbled 5.83% to the bottom of the chart. The CAC 40 finished 1.47% in negative territory in Paris, at a level unmatched also in little over two years.

The pound declined 1.5% to $1.2552 at 5:53 pm CET. The euro was 0.39% in the red at $1.13666 and 1.16% up at £0.90591. Gold slipped 0.23% to $1,246.09 per ounce.

Breaking the News / IT

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Share:

EUR/USD0.00%

1.1414
Chart for: EUR/USD Spot

Gold US Dolla...+0.20%

1,291.63
Chart for: Gold US Dollars per Ounce Spot Prices

GBP/USD-0.14%

1.2866
Chart for: GBP/USD Spot

France 40 Ind...+0.11%

4,789.75
Chart for: France 40 Index

Germany 30 In...+0.11%

10,908.95
Chart for: Germany 30 Index

UK 100 Index+0.25%

6,894.00
Chart for: UK 100 Index