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9/12/2016, 2:44 PM (Source: TeleTrader)
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Bad day at European markets

Trading week in Europe started with lower open and then with widespread losses on Monday, and with but a few gainers.

The German DAX index fell 1.71% to 10,392 points at 2:40 p.m. CET. The energy company E.ON was bleeding 14.24% after it has finally separated its fossil fuel unit Uniper, which was listed on Monday.

In Paris, the CAC 40 dropped 1.69%, with no gains in sight. ArcelorMittal, AXA, Nokia, SocGen were the leading losers, while L'Oreal was the best performer, down 0.21%.

London's FTSE 100 suffered 1.53% with losses in mining and banking sectors, and Associated British Foods plunged 10.11% after reporting a loss in pension fund worth £200 million.

In Milan, the FTSE MIB lost 2.44% with widespread declines in banking and financial sectors.

The Spain's Ibex 35 rolled down 2.13%, as the most wanted and best weighted stocks like Santander, BBVA, Telefonica Iberdrola, and Inditex saw their values dropping.

The pan-European Stoxx 600 was off 1.40%, and the Euronext 100 lost 1.54%.

Breaking the News / ZR