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2/23, 11:36 AM (Source: TeleTrader)
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Europe turns to losses, DAX tumbles 2%

Shares on the major stock market indices in Europe started trading in the red on Tuesday after having begun the session above the flatline, with the DAX down more than 2% or 280 points.

The investors' early optimism somewhat pared in the light of the downward trend in the premarket trade in the United States. On the data front, the inflation rate in the Eurozone amounted to 0.9% in January.

The DAX tumbled 1.96% at 11:34 am CET, while the CAC 40 dropped 0.69% at the same time. Meanwhile, in London, the FTSE 100 dived 0.70% a minute later. The euro stood flat versus the dollar, selling for 1.21461 at 11:42 am CET, while the pound sterling advanced versus the American currency, to change hands at 1.40852 a minute later.

Breaking the News / BU