Markets are sliding after hopes of an oil deal in Doha were dashed * Crude oil slumps 5% * European markets in the red * The agenda: Oil, Brazil, Brexit, steel and Greece 8.38am BST The prospect of cheaper oil is pushing up shares in airlines and holiday firms; every other sector is down, though. Unsurprisingly #oil stocks worst performers in Europe today pic.twitter.com/9SGpKtQaRS 8.30am BST EUROPEAN STOCK MARKETS ARE FALLING SHARPLY AT THE START OF TRADING, FOLLOWING OIL’S LEAD The market had high expectations that an agreement would be forged in Doha yesterday to limit oil production. This failed to materialise and the rally we had observed for crude prices – which in turn was lending support to the broader equity market – is now quickly coming undone. Continue reading...
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