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European stocks reverse earlier gains- FTSE 100 reacts to lower oil prices
Oil prices have been falling back further this morning that has seen the price of Brent for November delivery fall below below $76 per barrel. At the same time the US equity futures are lower again and so are all the major European stock markets. The DAX is now tracking back further after peaking at a new record high earlier, at 18,990. The DAX has now fallen back to below 18,850. The FTSE 100 has not made any further progress today anyway and now that oil has fallen further this has dented the index some more. The FTSE 100 peaked earlier at 8,380 and now it is falling below 8,320
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