European Stocks Slide As Bank Of Japan Disappoints

European stock markets dropped in early action on Tuesday, tracking Asia stocks lower after the Bank of Japan left policy unchanged and made no changes to its asset-buying program.

The Stoxx Europe 600 index dropped 0.7% to 292.20, building on a 0.1% loss from Monday. Shares of ICAP PLC gave up 3.6% after Credit Suisse cut the interdealer broker to underperform from neutral. Mining firms were also lower as metals prices dropped across the board.

Shares of BHP Billiton PLC fell 1.9% and Rio Tinto PLC shaved off 1.4%. Among country-specific indexes, the U.K.’s FTSE 100 index lost 0.5% to 6,369.53, while France’s CAC 40 index dropped 0.6% to 3,842.26. Germany’s DAX 30 index slid 0.8% to 8,245.25.

Source : Marketwatch

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