European equity bourses remain in the red Wednesday having snapped a
6-day winning streak as focus turns back to economic slowdown concerns.
The move comes following weak European services PMI data this morning.
Profit taking in commodities stocks was seen with ArcelorMittal a
notable loser after it forecast weaker fourth-quarter earnings. Crude
stocks are also lower as crude oil prices reverse the short-squeeze
yesterday in anticipation of an Obama victory. CAC-40 is down 95pts
(-2.58%), Xetra-DAX is down 97pts (-1.84%) and FTSE-100 is down 105pts
(-2.26%).