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European Stocks Drop as BBVA to UniCredit Extend Turkey Rout


Monday, 13 August 2018 14:42 WIB

saham-saham eropaIndeks Stoxx Europe 600


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European equities extended last week's retreat as banking shares tumbled amid concerns about the Turkish economic crisis affecting liabilities of the region's lenders.

The Stoxx Europe 600 Index dropped 0.4 percent after losing 1.1 percent on Friday. BBVA was down 2.6 percent and UniCredit down 2.3 percent. Bayer slumped 9 percent after Monsanto, the U.S. agrochemical giant it acquired, was socked with $289 million in damages in the first trial over claims that its Roundup weed killer causes cancer.

Source: Bloomberg


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