European stocks extend the drop
|Equities in the Old Continent are intensifying its correction lower at the end of the week, with reference indices DAX, CAC40 and FTSE100 among others and the broader Stoxx50 all flirting with daily lows.
Poor financial results from giants Royal Bank of Scotland (RBS) and BASF AG are dragging the rest of their peers to fresh lows, partially fading the recent upside to multi-year tops.
Adding to the downside, the generalized cautious tone among traders is seen growing bigger in light of the upcoming speech by President Donald Trump (Tuesday) and Chief Janet Yellen (Friday) as well as key releases in the US docket.
At the moment, EuroStoxx50 is down nearly 1%, DAX losing 1.30%, FTSE100 shedding 0.70% and CAC40 losing 1.4%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.