European stocks
declined for the third time in four days, as investors awaited a Greek
referendum on creditors’ proposals this weekend.
The Stoxx Europe 600
Index lost 0.4 percent to 385.46 at the close in London, after rising as
much as 0.3 percent in the morning. The gauge was little changed most
of the day, and began falling as the euro strengthened against the
dollar following a U.S. jobs report. Automakers were among the biggest
decliners, while energy companies rose the most among 19 industry groups
as oil advanced.
The benchmark gauge of
Europe’s stocks has fallen 2.9 percent in the past four days, heading
for its biggest weekly drop since May. Negotiations over Greece’s
bailout broke down last weekend, when Prime Minister Alexis Tsipras
announced the surprise July 5 referendum on creditors’ aid terms.
A measure of expected
stock volatility was near a three-year high reached this week. A survey
showed more Greeks are going against the government’s call to vote
against creditors’ demands. The nation is now living with capital
controls and has shut banks and its stock market after its euro-area
financial-aid package expired and it missed a payment to the
International Monetary Fund. Further bailout negotiations would have to
wait until after the referendum.
Source : Bloomberg
0 komentar :
Post a Comment