ENX

European shares dip in thin holiday trade

A stock chart with a line and bar graph overlay Credit: Shutterstock photo

MILAN, Dec 24 (Reuters) - European shares fell at the startof a holiday-shortened week on Monday as worries over slowingeconomic growth and tighter monetary conditions continued toweigh.

By 0812 GMT, Britain's FTSE 100 .FTSE fell 0.6 percent,while France's CAC .FCHI and Spain's IBEX .IBEX eased 0.7and 0.5 percent respectively. Germany's DAX .GDAXI and Italy'sFTSE MIB .FTMIB were shut for Christmas Eve.

"Markets still under pressure from last week's more hawkishFed update, exacerbating fears about slowing growth and moreexpensive refinancing following years of stimulus," said Mikevan Dulken, Head of Research at Accendo Markets.

Also dampening sentiment on Monday were worries overpolitical stability in the Unites States after an aide toPresident Donald Trump said the partial government shutdowncould continue into New Year. urn:newsml:reuters.com:*:nL1N1YS07A

Corporate news was thin but EuronextENX.PA grabbed thespotlight after the pan-European exchange operator said it aimedto buy the Oslo stock exchange for 625 million euros. urn:newsml:reuters.com:*:nL3N1YT1V1EuronextENX.PA shares fell 0.6 percent.

Advertising companies WPPWPP.L and Publicis PUBP.PA were among the biggest losers, down 2.8 and 2.2 percent. (Reporting by Danilo MasoniEditing by Robin Pomeroy) ((Danilo.Masoni@TR.com; +39-02-66129734; Reuters Messaging:danilo.masoni.thomsonreuters.com@reuters.net; On Twitter https://twitter.com/damasoni))


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.