No Christmas cheer for stock markets after Mnuchin call

Stock markets around the world remained under pressure Monday with investor confidence weighed down by the recent big sell-off that’s put key U.S. indexes on course to record their worst December since the 1930s. News that U.S. Treasury Secretary called the CEOs of six major banks Sunday in an apparent attempt to reassure jittery financial markets only accentuated concerns in the markets.

KEEPING SCORE: In Christmas holiday-thinned half-day trading in Europe, France’s CAC 40 was down 1.5 percent lower at 4,626.39 while the FTSE 100 index of leading British shares fell 0.5 percent to 6,685.99 .

GLOBAL ROUT: The sell-off in stock markets around the world has gathered pace during December and seen many leading indexes post declines of around 10-20 percent this year.

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Article source: http://www.dailystar.com.lb/Business/International/2018/Dec-24/472595-no-christmas-cheer-for-stock-markets-after-mnuchin-call.ashx