European stocks fall ahead of US data

India Infoline News Service | Mumbai | January 06, 2017 16:50 IST

European stocks were trading weak today, weighed down by the fall in oil production and metal companies' stocks followed by a drop in commodity prices.

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European stocks were trading weak today, weighed down by the fall in oil production and metal companies' stocks followed by a drop in commodity prices.

The US dollar weakened against the European currencies ahead of the US monthly job report. The report will be released today. Owing to this, the prices of base metals and gold slipped.
 
Precious metals miner, Fresnillo and Randgold Resources fell more than 2%,  while industrial metals miners, Anglo American, Antofagasta and Rio Tinto lost  0.5-1.4%.

CAC 40 slipped 0.5%, while FTSE 100 and DAX down 0.12% each.

Meanwhile, Asian markets closed on a mixed note. Japan shares dropped as Yen strengthened as traders awaited US jobs data for clues on Federal Reserve rate actions. Japan's Nikkei Stock Average declined 0.4% after a decline in the dollar sent the Yen stronger. Shanghai Composite and Hang Seng closed marginally lower.
 

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