European stocks fall as cyclicals, BAT weigh | Malay Mail

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LONDON, June 9 — European shares fell today as declines in cyclical stocks and UK’s British American Tobacco threw a spanner into a rally driven by optimism over a global recovery from the coronavirus crisis. The pan-European STOXX 600 index fell 1.3 per cent, with eurozone banks down 5.6 per...

The pan-European STOXX 600 index fell 1.3 per cent, with eurozone banks down 5.6 per cent after a six-day run of gains. — Reuters pic

Shares in oil majors Royal Dutch Shell, BP and Total fell between 3.2 per cent and 4.7 per cent as crude prices pulled back on the spectre of persistent oversupply. Meanwhile, investors also awaited the Federal Reserve’s two-day monetary policy meeting, set to conclude tomorrow.

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