European stocks close: stocks closed lower as oil prices continue to decline

Market news

15 December 2014

European stocks close: stocks closed lower as oil prices continue to decline

Stock indices closed lower as oil prices continue to decline. Investors have concerns that falling oil prices is a sign of global economic weakness.

Concerns over political instability in Greece also weighed on markets.

Germany's Bundesbank released its monthly report. Bundesbank said that if oil prices continue to decline, it will cut its inflation forecast for 2015 by 0.4%. Bundesbank expects inflation of 1.1% in 2015.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,182.72 -117.91 -1.87%

DAX 9,334.01 -260.72 -2.72%

CAC 40 4,005.38 -103.55 -2.52%

Dow -69.49 17,211.34 -0.40% Nasdaq -38.9 4,614.70 -0.84% S&P -9 1,993.33 -0.45%

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data

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