European Next-Year Coal Falls for Second Day as Equities Decline
European coal for next year fell for the second day as equities in the region declined the most in more than two weeks after a report showed euro-area services and factory output contracted.
Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp dropped 50 cents, or 0.5 percent, to $98.50 a metric ton at 2:23 p.m. London time, according to broker data compiled by Bloomberg.
A composite gauge of euro-area services and manufacturing output dropped to 47.3 from 48.6 in January, London-based Markit economics said today. The Stoxx 600 sank as much as 1.6 percent, its biggest tumble since Feb. 4.
Bloomberg tracks broker data from ICAP Plc, GFI Group Inc., Marex Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Tradition Financial Services and Tullett Prebon Plc.
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