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Home International Markets

European stocks tumble as oil prices dip, FTSE 300 drops 0.5pc

byCustoms Today Report
13/01/2015
in International Markets
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ROME: European stocks tumbled in early trading on Tuesday, with the continued fall in oil value increased fears over the prospect for corporate profits in the energy zone.
At 0803 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 percent at 1,351.67 points.
Total was down 1.9 percent and Royal Dutch Shell down 1.5 percent, as Brent futures tumbled to $45.43 a barrel, down 4.2 percent.
Bucking the trend, shares in German retailer Metro rose 3.3 percent after the group said it saw a recovery at its wholesale and consumer electronics units gain pace in the last three months of 2014, making up for weakness at its department stores.

Tags: corporate profits in the energy zoneEuropean stocksFTSE 300 drop 0.5pcoil prices dipRoyal Dutch Shellshares in German

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