European shares head south as market sentiment wanes

On Monday, European stocks traded lower, as fresh uncertainty regarding the outcome of the American presidential election applied pressure on market sentiment.

During European morning trade, the EURO STOXX 50 lost 0.36%, French CAC 40 sagged 0.40%, while German DAX 30 descended 0.22%.

Financial markets were jittery amid ongoing political uncertainty after the FBI disclosed it would keep reviewing more emails closely connected with Hillary Clinton's private email use.

Financial stocks dipped, as French lenders BNP Paribas as well as Societe Generale sank 0.87% and 0.98% respectively, while Germany’s Commerzbank lost 0.03% and Deutsche Bank gained 0.19%.

As for peripheral lenders, Italian Intesa Sanpaolo as well as Unicredit dived 1.04% and 1.79% respectively. Meanwhile, Spanish banks Banco Santander and BBVA went down 0.69% and 1.06% respectively.

Engie SA contributed to losses, with stocks down 1.04% after the French company told on Friday that it had reached an agreement with Ukraine's TSO UkrTransGaz as for gas transmission and storage, thus making it the first European energy group to be actively involved in the wholesale gas market of Ukraine. 

Scroll to top