Europe: Shares fall as Doha oil deal fails
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[MILAN] European shares fell in early trading on Monday, with oil stocks leading the market lower as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.
The STOXX Europe Oil and Gas index fell 3.4 per cent, making it the top sectoral loser with shares in Royal Dutch Shell, Total and Eni all down by more than 3 per cent.
The pan-European FTSEurofirst 300 index fell 1.2 per cent by 0710 GMT.
But Reckitt Benckiser rose around 1 per cent, topping gainers on the FTSEurofirst, after it reported slightly better than expected quarterly sales and affirmed its full-year forecast.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
