• European Stocks. First hour: European shares down as Japan falls into recession

Market news

17 November 2014

European Stocks. First hour: European shares down as Japan falls into recession

European shares dropped in early trading after Japan falls into recession and investors awaiting Mario Draghi's comments later in the day at 14:00 GMT. Japan's GDP fell at an annualised rate of -1.5% not meeting positive forecasts of +2.1% in the third quarter after dropping 7.3% in the second quarter fuelling concerns about global economic growth. FTSE 100 index is currently trading with a loss of -0.21% at 6,640.70 points, Germany's DAX 30 is down -0.33% trading at 9,222.35 points and France's CAC 40 is trading almost flat at -0.02% currently quoted at 4,201.73 points.

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