European Stocks Drop Before ECB

European stocks drop before ECB

LONDON, (Pakistan Point News - 21st july,2016) - European stock markets dropped Thursday, with investors looking ahead to a monetary policy update from the ECB, while the airline sector took a hit following a bleak outlook from EasyJet. Around 1015 GMT, London's benchmark FTSE 100 index was down 0.5 percent compared with Wednesday's close. Sentiment was hit also by official data showing British retail sales sank in June by the heaviest amount in six months -- though on poor weather rather than uncertainty in the run-up to the Brexit vote.