European shares settled lower after explosion in Russia’s railway

European shares

European markets ended lower after two bombs were detonated on a train and at nearby train station in St. Petersburg, Russia, taking the lives of at least 11 people and wounding 45 others last Monday.

U.S. equities started the opening bell lower with investors keeping an eye on fiscal policies as it looks forward to fresh economic figures. The Dow Jones industrial average dropped more than 100 points in previous close after a declined by 1 percent from its financial sector.

The pan-European Stoxx 600 also started the day lower by 0.49 percent, along with the FTSE 100 with a 0.55 percent drop in early trade. The French CAC and the German Dax both dropped by 0.71 percent and 0.45 percent accordingly.

However, Basic resources were one of the best performers due to its manufacturing figures showing a healthy growth in China, the sector was 0.09 percent higher. Chemicals stocks was also up by 0.24 percent; followed by the news that the chairperson of the industrial gas firm Linde is prepared to apply his voting abilities to allow a $65 billion merger with Praxair , its rival on United States.

Banking stocks was lower by 1.35 percent, with Spain’s Banco Popular saying that internal audits showed that its previous accounts needs some minor improvements. Banco’s shares dropped by 10.4 percent as it touches the bottom of the European benchmark.

Meanwhile in the U.K., British chip-designer Imagination Technology was down by 71 percent when Apple reported that it will stop utilizing its graphics. In the prior country, consumer goods company Reckitt Benckiser is expecting a feasible sale of its foods business to back its $16.6 billion takeover of Mead Johnson.

In addition, luxury fashion brand Burberry shares was higher by 0.5 percent, as it announced that it will be teaming up with one of the word’s well-known beauty company Coty.


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