Investing.com – European stocks closed mixed on Monday after rating agency Fitch lowered France's credit outlook and placed Spain, Italy, Belgium, Slovenia, Ireland and Cyprus on Rating Watch Negative.
After the close of European trade, the EURO STOXX 50 eased higher by 0.01%, France's CAC 40 gained 0.06%, while Germany's DAX 30 gave back 0.54%. Meanwhile, in the U.K. the FTSE 100 fell 0.41%.
Stocks shrugged off the Fitch downgrade and warnings with ECB head, Mario Draghi stating, "We shouldn't make too much of rating agency changes" during discussions today.
Euro zone finance ministers are holding a conference call today to discuss USD260 billion additional funding via the International Monetary Fund and how to make the fiscal compact function.
The Death of North Korean dictator, Kim Jong added to regional stability concerns weighing on stocks.
Kevin Gardiner of Barclays Wealth told Bloomberg, " We've been expecting volatility to continue, but eventually markets will settle down."
Mining and oil companies were lower with BP Plc giving back 1.8% and Vedanta Resources falling 3.6% on fears of Chinese demand dropping after data indicated falling Chinese property prices
Air Berlin soared 8.3% after Etihad Airways stated it will increase its share in the German airline.
On the bearish side, SGL Carbon fell 9.5% after BMW stated that a takeover was unlikely.
U.S. stocks were lower across the board in midday trading with the Dow Jones Industrial Average falling 0.40%, the S&P 500 giving back 0.59% and the Nasdaq 100 dropping 0.37%.
Investors are awaiting Swiss trade balance numbers and German inflation figures on Tuesday.
After the close of European trade, the EURO STOXX 50 eased higher by 0.01%, France's CAC 40 gained 0.06%, while Germany's DAX 30 gave back 0.54%. Meanwhile, in the U.K. the FTSE 100 fell 0.41%.
Stocks shrugged off the Fitch downgrade and warnings with ECB head, Mario Draghi stating, "We shouldn't make too much of rating agency changes" during discussions today.
Euro zone finance ministers are holding a conference call today to discuss USD260 billion additional funding via the International Monetary Fund and how to make the fiscal compact function.
The Death of North Korean dictator, Kim Jong added to regional stability concerns weighing on stocks.
Kevin Gardiner of Barclays Wealth told Bloomberg, " We've been expecting volatility to continue, but eventually markets will settle down."
Mining and oil companies were lower with BP Plc giving back 1.8% and Vedanta Resources falling 3.6% on fears of Chinese demand dropping after data indicated falling Chinese property prices
Air Berlin soared 8.3% after Etihad Airways stated it will increase its share in the German airline.
On the bearish side, SGL Carbon fell 9.5% after BMW stated that a takeover was unlikely.
U.S. stocks were lower across the board in midday trading with the Dow Jones Industrial Average falling 0.40%, the S&P 500 giving back 0.59% and the Nasdaq 100 dropping 0.37%.
Investors are awaiting Swiss trade balance numbers and German inflation figures on Tuesday.