Europe’s stocks opens low on Wednesday

Stock market of Europe showed decline on Wednesday because U.S. depicted a low earnings. Alcoa depicted a loss of 59 cents and analysts claimed it to be a historic drop. The reports of Alcoa at the start of the new season, discouraged investors who are expecting the season of investment will not be in their favor.

In Asia market was mostly selling and Japan’s Nikkei 225 went down by 2.7% and Hong Kong’s Hang Seng Index lowered by 3.7%.Crude traded at $48.33 a barrel and gold was sold at $888.05 per troy ounce.