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Europe Markets: Red ink for Europe markets as oil prices fall, utilities and banks under pressure

European stocks fell on Thursday, with oil, bank and drug stocks leading the way south in trading that will lack the participation later by the U.S., as those markets closed for the Thanksgiving holiday.

How are the markets performing?

The Stoxx Europe 600 SXXP, -0.34% fell 0.6%, after rising to over 1% on Wednesday to break five days of consecutive losses.

The FTSE 100 UKX, -0.90% dropped 1% to 6,973.50, after finishing up 1.2% on Wednesday, making for the best one-day percentage gain for the index since Sept. 21, according to Dow Jones Market Data.

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