European shares steeply decline in early trade

Mubasher: European shares tumbled in Monday's early trade, tracing their Chinese peers.

Shenzhen and Shanghai stock markets were halted 15 minutes after plunging more than 6%.

At 8:45 GMT, the pan-European FTSEurofirst 300 Index dropped 2.8%, and EURO STOXX 50 Index fell 3.1%.

Britain’s FTSE 100 Index also declined 1.66%, and German’s DAX slipped 3.7%. France’s CAC also shed 1.99%.

 

Mubasher Contribution Time: 04-Jan-2016 09:02 (GMT)