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European stocks fall on banks sector Wednesday

European stocks fall on banks sector Wednesday

Mubasher: European indices declined on Wednesday, hit by the weak performance in the banks sector, and in line with the down trend seen in other stock markets.

By 08:47 am GMT, the Eurozone’s main index Stoxx 600 decreased 0.24% to 397.38 points, ahead of the final inflation data for December due later in the day, while the UK’s FTSE 100 went down 0.17% to 7,742.75 points.

Meanwhile, France’s CAC 40 dropped 0.33% to 5,495.49, and Germany’s DAX fell by 0.29% 13,208.52.

These losses coincide with the corporate earnings season, which investors keep pay special attentiont to. 

The euro last traded down 0.25% against the US dollar to $1.2229