Reply #7: European equities lower as oil stocks fall [View All]

[ozymandius]

European equities, after a brief turn higher, were hit by falling oil stocks on Thursday after crude prices fell to near two-month lows on commodities exchanges.

In early trade, the FTSE Eurofirst 300 was down 0.1 per cent to 1,357.97, while Frankfurt's Xetra Dax was fractionally lower at 5,813.57. In Paris, the CAC 40 was off 0.2 per cent to 5,124.88, and London's FTSE 100 shed 0.1 per cent to 5,893.1.

On the oil market, Nymex crude fell below $72 a barrel, its lowest level since June 16 as the effect of the easing geopolitical environment added to concerns that slowing economic growth could dampen demand.

http://news.yahoo.com/s/ft/20060817/bs_ft/fto081720060358204346