BREAKING NEWS

BREAKING NEWS

Stronger euro continues to hold back European shares

Now Reading:

Stronger euro continues to hold back European shares

Text size Aa Aa

LONDON (Reuters) – European shares opened lower on Friday across all major bourses and sectors, failing to get support from rather quiet trading sessions in Asia and Wall Street, and as the euro’s rally continues to hurt appetite for regional stocks. The German blue chip DAX index .<GDAXI> was down 0.1 percent, France’s CAC <.FCHI> 0.3 percent, Spain’s IBEX <.IBEX> 0.1 percent, London’s FTSE <.FTSE> 0.2% and Milan’s FTSE MIB was just slightly in negative territory. The broader pan-European STOXX 600 <.STOXX> benchmark was down 0.3 percent. After suffering four straight sessions in the red, European banks were slightly higher, with the sectoral index <.SX7P> up 0.2 percent. Elsewhere, shares in Pub operator Greene King <GNK.L> made a 14 percent fall after a weak sales update and France’s Rubis were down 4.8 percent after its first half results.

(Reporting by Julien Ponthus, Editing by Vikram Subhedar)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.