European shares plunge after Wall Street's 'Santa Crash' [Reuters (UK)]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
European shares plunge after Wall Street's 'Santa Crash' | Reuters 4 Min Read MILAN (Reuters) - European shares tumbled on Tuesday after a sell-off on Wall Street, with oil stocks leading the drop as crude prices extended their losses and Royal Dutch Shell ( RDSa.AS ) fell after reports of a possible acquisition. The pan-European STOXX 600 index was down 0.6 percent by 0857 GMT, getting closer to the two-year lows hit last week, as concern mounted over slowing economic growth. A speech by Chinese President Xi Jinping that investors had hoped could lift morale had no impact. Attention shifted to the Federal Reserve, which is almost certain to raise interest rates at the end of its two-day meeting on Wednesday. Traders will be watching the Fed’s projections for future rate increases, which could boost equities. The STOXX 600 is down more than 12 percent so far this year and on course for its fourth straight month of declines, dragged down by a slowing economy and political instability
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