European stocks drop amid Italy uncertainty, oil falls again - News Summed Up

European stocks drop amid Italy uncertainty, oil falls again


European stock markets slipped Monday after small gains in Asia as investors digested the latest developments in North Korean diplomacy and Italian domestic politics. KEEPING SCORE: France's CAC 40 fell 0.2 percent to 5,533 and Germany's DAX slid 0.1 percent to 12,929. The euro fell to $1.1643 from $1.1652 on Friday. NORTH KOREA: President Donald Trump's latest reversal on a summit with North Korean leader Kim Jong Un and South Korean President Moon Jae-in's impromptu meeting with Kim on Saturday eased fears over the Korean Peninsula's nuclear crisis. ENERGY: Oil futures resumed tumbling after taking their worst losses in months on Friday, battered by reports that OPEC countries and Russia could start pumping more oil soon.


Source: ABC News May 28, 2018 06:25 UTC



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