Europe set for lower open as crude prices fall

Monday, 28. November 2016 08:11

European markets are expected to open lower on Monday after oil prices fell on doubts that a deal on an output cut will be agreed at this week's Organization of the Petroleum Exporting Countries (OPEC) meeting. 

The FTSE was seen 0.08% in the red, the DAX futures indicated a decrease of 0.22%, the Euro Stoxx 50 futures showed a  fall of 0.20%, and the French CAC 40 was set to open 0.14% lower.

The pound dropped 0.63% against the yen to go for 140.032 and it declined 0.23% compared to the euro to sell for 1.1740 at 8:05 a.m. CET. Sterling rose 0.27% compared to the U.S. dollar to change hands for 1.l2498 at 8:06 a.m. CET. The dollar index slid 0.51% to 100.96 at 8:07 a.m. CET.

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