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European stocks lower as markets pause after Fed rally

Published 12/18/2015, 10:35 AM
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Investing.com - European stocks were lower on Friday, as markets paused after a strong rally was sparked in the previous session by the Federal Reserve's decision to raise interest.
Weak oil prices put pressure on the shares of energy companies, which in turn weighed on equities.
Shares in French company Casino also fell 3.8 percent, extending losses from an 11.5 percent slump on Thursday after research firm Muddy Waters said Casino was one of the "most overvalued and misunderstood" companies it had come across.
Wall Street dropped on Thursday as crude oil futures continued to wallow at multi-year lows against a backdrop of oversupply as well as a stronger dollar following the U.S. Federal Reserve's widely anticipated tightening on Wednesday.

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