London: Following Wall Street’s dismal performance a day before, share trading got negative result in Europe on Tuesday as most of the stocks fell.
France’s CAC 40 slid 0.6 percent to 4,052.63 and UK’s FTSE 100 fell 0.5 percent to 6,336.46. Germany’s DAX shred 0.5 percent to 8,773.10. Despite all that, Wall Street seemed down for a rebound after Monday’s rout.
Resistance put up by Germany to enhance government spending to assist European growth dampened hopes for additional stimulus to counter what some economists believe may be a lapse back into recession for the region. Further, concern over the global outlook and the recent relative strength of the Japanese yen, which could dent the competitiveness of exporters, cast a pall over Tuesday’s session.
