![European stocks mostly dip; Italian banks suffer](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1470059852_1.jpg)
European Stocks Mostly Dip; Italian Banks Suffer
Sumaira FH Published August 01, 2016 | 06:57 PM
![European stocks mostly dip; Italian banks suffer](https://photo-cdn.urdupoint.com/media/2016/08/_2/740x404/pic_1470059852_1.jpg)
LONDON,(UrduPoint / Pakistan Point News - 1st Augst,2016) - European stock markets mostly fell Monday on poor post-Brexit manufacturing data, with Italy rocked also by stress tests which sparked fresh questions over the health of its troubled banks. London slid 0.4 percent as a survey showed Britain's manufacturing industry has slumped to its lowest level in more than three years on the back of Brexit. In the eurozone, Paris stocks retreated 0.6 percent, Madrid dropped 0.8 percent, while Frankfurt was essentially flat, after weak manufacturing figures for the area. The data prompted new concern over economic fallout from Britain's shock EU exit vote, and overshadowed news that most European banks had survived assessments designed to show their ability to weather another global crisis.
"Relief that European banks mostly survived the stress tests helped European markets get off to a good start on Monday but gains started to drift away ...
following disappointing UK and European data," said CMC Markets analyst Jasper Lawler. "UK manufacturing activity has slumped to its lowest level since February 2013. The drop in sterling has helped boost export orders but this was more than offset by a weaker production and domestic orders.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
8 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
8 hours ago -
G20 seeks common ground on taxing super-rich
8 hours ago -
Stocks rise as inflation data boosts rate cut hopes
8 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
10 hours ago -
European medicines watchdog rejects new Alzheimer's drug
10 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
12 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
12 hours ago -
Russian central bank hikes key rate to fight inflation
12 hours ago -
SBP injects Rs9.545 trillion into market
12 hours ago -
PSX stays bearish, loses 439 points
12 hours ago -
US Fed's favored inflation measure cools further in June
13 hours ago