Scoreboard: Oil slide

The oil price slump sparked more sharp sell-offs on European and US markets, while the Australian dollar slipped below US83c.

European shares fell for a third straight session on Wednesday, as the slump in oil prices hurt energy stocks. The STOXX 600 oil and gas sector lost 1.9 per cent and is now down 27 per cent since June. Greek stocks continued to slide after the unexpected decision to bring forward the country's presidential election. The Greek ATG stock index fell 1 per cent after the 12.8 per cent fall in the previous session. The FTSEurofirst 300 index lost 0.4 per cent while the German Dax managed to eke out a 0.1 per cent. The UK FTSE lost 0.5 per cent. In London trade shares in BHP Billiton fell by 1.9 per cent while Rio Tinto eased 1.8 per cent.


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