european stocks fall as shares of oil majors retreat
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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European Stocks Fall as Shares of Oil Majors Retreat

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Emiratesvoice, emirates voice European Stocks Fall as Shares of Oil Majors Retreat

European stock markets
London - QNA

European stock markets fell on Tuesday, with a pullback in the shares of major oil companies weighing on markets. The pan-European STOXX 600 index was down by 0.3%, with the index down by around 7% so far in 2016. 

    The STOXX Europe 600 Oil & Gas index fell 0.4% as oil prices retreated from one-year highs. However, the shares of European luxury goods stocks outperformed, after LVMH reported a forecast-beating acceleration in third-quarter sales. 

    LVMH shares rose 4.4%, with rival luxury good stocks such as Christian Dior, Richemont and Burberry also gaining ground.

 

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european stocks fall as shares of oil majors retreat european stocks fall as shares of oil majors retreat

 



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european stocks fall as shares of oil majors retreat european stocks fall as shares of oil majors retreat

 



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