Stocks in Europe lower, following Chinese shares' slide

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Source: Reuters
European stocks opened in red on Monday, as worries over China's slowing economy persist, triggering the sell-off across the global equity markets. Germany's DAX dived 2.74%, the French CAC 40 slumped 2.58%, while the UK's FTSE 100 sank 2.46%. Meanwhile, all the sectors in Germany and France posted losses, with shares of exporters hit the most as China is a key trading partner for the European companies.

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Tue, 25 Aug 2015 07:55:05 GMT

Oil rebounds from losses, still near six-year low

Crude futures rebounded from steep losses on Tuesday ahead of the US weekly inventory report. WTI rose 1.49% to $38.81 per barrel, while contracts for Brent advanced 1.24% to $43.22 per barrel by 07:10 AM GMT. The recent sell-off in oil was mostly sparked by the global supply glut and worries over China, which is one of the leading oil

Mon, 24 Aug 2015 09:24:03 GMT

Oil extends losses on China market rout

Crude prices tumbled on Monday, following the massive sell-off in global financial markets, as the turmoil in Chinese equity markets reinforced the concerns over the global economic growth. The WTI futures slumped 2.65% to $39.38 per barrel, while Brent crude dropped below $45 for the first time in over seven years, trading 2.51% lower at $44.30 per barrel by 08:04

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