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