GX: European Stocks traded lower with fall in Commodities prices
The European stock markets traded lower on Tuesday session, but indexes pulled off the worst levels seen so far. A 10.6% plunge in Tokyo stock markets overnight on growing fears over an escalating nuclear crisis triggered heavy selling in Europe.
On Tuesday, March 15, 2011, 7:50AM EDT, the FTSE 100 index lost -124.05 points or -2.15% to 5,651.19, the DAX index dropped -273 points or -3.98% to 6,593.63 while the CAC 40 index also slides -131.44 points or -3.39% to 3,746.60.
The Stoxx Europe 600 index opening down 2%, index was off 3.6% to 264.52 in late morning trading.
Miners also dropped across the board, with Fresnillo PLC lost 7.3% and Eurasian Natural Resources Corp PLC sank 7%. Gold futures for April delivery gave up $17 to $1,407.70.
During the last trading session mostly sectors dropped and resulted in negative. But the only sector that gained was the Energy sector with the advancement of 0.20%and about 19% companies in the sector are up more than 2%. The top percentage gainers in the sector were Cheniere Energy, Inc, Gulfport Energy Corp, Basic Energy Services,
Headwaters Incorporated and Tesoro Corporation.
Foreign Utilities was the top performing industry from the Utilities sector, with the advancement of +1.57% to 973.8.
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The Euro lost its ground versus the US dollar during the last trading session, whereas the Euro remained mixed versus different currencies.