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Еuropean Daily Market Review

European markets are partly lower today.

The French CAC-40 retreated 0.73%. The FTSE-100 fell 0.54% while the German  DAX is around the same levels.

The pan-European Stoxx 600 lost 0.4% in early trade, with oil and gas stocks shedding 1.2% to lead the falling path.

Spanish-German renewable energy company Siemens Gamesa sunk around 8% to the bottom of the Stoxx 600 in early trade after CEO Markus Tacke stepped down.

The Central Bank of Russia (CBR) is likely to reduce its benchmark interest rate tomorrow to its bottom level since the fall of the Soviet Union.

Bank Governor Elvira Nabiullina reported last week that lower inflation across the first five months of the year has freed up space for the bank to follow additional reductions.

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