Home > EU > European shares eye third day of losses

European shares eye third day of losses

Written by Business World, on 6th Sep 2017. Posted in EU

article headline

European shares fell on Wednesday in cautious early trading on the eve of a European Central Bank meeting, while tensions on the Korean peninsula weighed on risky assets.

The pan-European STOXX 600 index was down 0.4%, poised for its third straight day of losses, while euro zone blue chips retreated 0.3%.

Germany's DAX fell 0.3%, and Britain's commodity-heavy FTSE 100 declined 0.4%.

Financials were the biggest weight, with euro zone banks extending their slide from the previous session as the sector came back in focus ahead of the ECB's policy meeting on Thursday, which will be watched for possible signals of monetary tightening.

Denmark's Jyske Bank was the biggest STOXX faller, dropping 4% after BRFholding reduced its total number of shares in the lender.

Geopolitical jitters between North Korea and the United States maintained pressure on markets, after North Korea warned of "more gift packages" for the United States.

Almost every European sector was in negative territory, with basic resources down 0.7% and oil and gas stocks falling 0.5% as commodity prices declined.

Elsewhere results spurred some sizeable individual stock moves, with shares in Micro Focus soaring more than 7% to the top of the STOXX after giving a third quarter update.

British housebuilder Barratt Developments declined 3.2% following its update. (Reuters)

Source: www.businessworld.ie

More articles from EU

image Description

Theresa May to set out Brexit wish-list

Read more
image Description

EU presidency seeks to ease new rules on foreign banks

Read more
image Description

Merkel calls for EU to step up to global challenges

Read more
image Description

EU guidelines on future British relations due in March

Read more
image Description

Britain wants to discuss length of Brexit transition with EU

Read more

Advertisement

Latest News