Europe: Mixed feelings

[FRANKFURT] A fall in oil and gold prices is pushing down the commodity-heavy FTSE 100, while the pan-European index STOXX 600 is somehow managing to stay afloat.

Shares in oil companies Royal Dutch Shell, BP and Total Energies are slipping as crude prices fell more than 2 per cent on fears that the Covid-19 pandemic curbs in Asia would dent fuel demand.

Miners Rio Tinto, BHP Group and Glencore are down on weaker metal prices.

The STOXX 600 last Friday posted its strongest week since mid-March, supported by a flurry of dealmaking activity and a strong earnings season.

Elsewhere in single stocks, Deliveroo is up 6.5 per cent after German competitor Delivery Hero took a 5.09 per cent stake in the UK food delivery company, while Hargreaves Lansdown is down 8 pre cent to the bottom of the FTSE after FY results.

REUTERS