Europe Stocks Halt Rally as Standard Chartered Leads Banks Lower
- Stoxx 600 erases advance as miners, lenders resume losses
- Saudi Arabia, Russia announce agreement to freeze oil output
Summarizing Today's Wild European Market Action
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A rebound for European stocks once again proved short-lived on renewed concerns about global-growth prospects, dragging banks and miners lower.
Lenders fell after their biggest two-day surge since 2011. Mining-related companies also halted a rally that pushed them up 11 percent, with steel-pipe maker Tenaris SA and Norsk Hydro ASA leading declines. Energy stocks reversed an advance, as oil retreated after Saudi Arabia and Russia agreed to freeze output.