After a losing start, the main stock market indices weakened to two-year lows in European trading on Tuesday.
Pan-European indices, FTSE EuroFirst 300 and Stoxx 600 both weakened by 1.3 percent, which is a low of two years since December 2016, which was not seen as low. The euro area EuroStoxx50 index lost 1.4 percent on Monday.
In Frankfurt, two percent, one percent in London, and one-half percent in Paris, lost in exchange rates. At eleven o’clock in the morning, the DAX in Frankfurt was 2.13 percent, the FTSE-100 in London at 0.94 percent, and the CAC-40 in Paris was 1.44 percent loss. In Madrid, the stock index was weakened by 1.12 per cent in Milan, and by 0.98 per cent in Milan.
Tuesday’s trading in Asian stock exchanges also ended with a large loss of index. The global deterioration of the investor sentiment due to the diplomatic tension deepening with Saudi Arabia due to the Khashoggi murder, between Brussels and Rome due to the Italian budget disagreement and the increasingly complex Brexit bargaining.
The oil price drops Tuesday, after being quoted by Khalid al-Falih, Saudi Energy Minister, with the country’s responsibility in the global marketplace, not to go to the oil spill to overcome possible sanctions. Brent crude oil prices fell 1.19 percent per barrel to $ 78.88, while WTI dropped 0.61 percent to $ 68.75.