European Markets End In The Red

European markets closed in the red today.

The London FTSE fell 0.5% today. France’s CAC 40 closed down 1.5%.

The German Dax was off 0.9%

The decline in the FTSE was led by BHP Billiton which missed earnings estimates and wrote down the value of its mining assets.

The sell-off also followed on the sell-off in Asian markets, and concerns about the Fed tapering its asset purchase program.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.