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6 Aug 2015
Euro Stoxx 600 pushed lower by weakness in energy and mining shares
FXStreet (Mumbai) - The Euro Stoxx 600 retreated on Monday due to the losses in the energy and mining shares, while investors await latest cues regarding the timing of the first rate hike in the UK.
The index is down 0.3%, after rising 1.3% on Wednesday. The energy shares came under renewed selling pressure tracking the drop in the oil prices.
Danish biotechnology company Novozymes; down 11.52% on the pan-European index after cutting its sales growth forecast. Shares in Deutsche post and Zurich Insurance Group also suffered more than 2% losses due to weak results.
Weaker oil prices pushed shares in Tullow Oil lower by 5.43%. Mining firms like Anglo American, Antofagasta also suffered losses. Meanwhile, Shares in National Bank of Greece rose 23%, the top performer so far, after falling by the same margin on Wednesday.
Among regional indices, France’s CAC 40 index was down 0.1% and the UK FTSE 100 index was 0.2% lower. Germany’s DAX index rose 0.1% after data showed an increase in German factory orders in June.
The index is down 0.3%, after rising 1.3% on Wednesday. The energy shares came under renewed selling pressure tracking the drop in the oil prices.
Danish biotechnology company Novozymes; down 11.52% on the pan-European index after cutting its sales growth forecast. Shares in Deutsche post and Zurich Insurance Group also suffered more than 2% losses due to weak results.
Weaker oil prices pushed shares in Tullow Oil lower by 5.43%. Mining firms like Anglo American, Antofagasta also suffered losses. Meanwhile, Shares in National Bank of Greece rose 23%, the top performer so far, after falling by the same margin on Wednesday.
Among regional indices, France’s CAC 40 index was down 0.1% and the UK FTSE 100 index was 0.2% lower. Germany’s DAX index rose 0.1% after data showed an increase in German factory orders in June.