European stocks retreat amid concern over central bank policy - News Summed Up

European stocks retreat amid concern over central bank policy


Any hawkish shift in her tone may spur volatility in financial markets, which put the odds of a hike in borrowing costs this month at 30%. Photo: BloombergFrankfurt/Madrid: European stocks headed for their biggest loss since the aftermath of Brexit amid investor concern that central banks may be less willing to continue supporting economic growth with loose monetary policy. The Stoxx Europe 600 Index lost 1.9% to 338.93 at 9:26am in London. Spain’s IBEX 35 Index, Greece’s ASE Index and Italy’s FTSE MIB Index fell the most on Monday, losing at least 2.3%. Miners posted the worst performance of the 19 industry groups on the Stoxx 600 on Monday as commodity prices dropped.


Source: Mint September 12, 2016 10:15 UTC



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