- The situation in Europe. The CAC 40 is not the only stock exchange in undoing today. The Frankfurt Stock Exchange has recorded a further decline on Tuesday to close at – 1.81%. The London Stock Exchange also fell 2.28%; Milan fall of 3% and Madrid 2.96%.
- Background. European shares suffer erosion endless oil prices. Crude prices have opened lower in New York, just over 30 dollars. Investors remain skeptical about the chances of attending a reduced supply on the eve of the publication of weekly data on crude oil inventories in the United States. In this context, the decline in unemployment from 10.4% in euro area in December, its lowest level in four years, has not moved investors.
- oil groups overdue. The British company BP symbolizes the plight of oil companies. Its action plunged 8.68% on Tuesday after announcing a loss of 6.5 billion in 2015 and the abolition of 4000 posts. UK always, Royal Dutch Shell was down 4.30%. In France, the action of Total fell 4.49%
Read also:. The new world oil order
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