European shares decline after falls for luxury and commodity stocks

Traders work on the floor of the New York Stock Exchange. European shares fell on Tuesday as commodity-linked stocks tracked declining prices, while investors also assessed the chances of Republican candidate Donald Trump winning the US presidential race. Photograph: Angela Weiss/AFP via Getty Images

AIB gained 1.4 per cent to €5.28, but Bank of Ireland edged 0.15 per cent lower to €10.20. Food stocks also fell, though Kerry Group was down just 0.2 per cent by the end of the session, finishing at €78.05.London’s benchmark FTSE 100 closed 0.2 per cent lower, falling for a second straight session on Tuesday as it was hurt by fresh declines in Burberry shares as well as a drop in metal and oil stocks after commodities came under pressure from weaker-than-expected Chinese data.

Discount retailer B & climbed 4.3 per cent after it reported higher first-quarter revenue and 19 store openings. The ZEW economic research institute said German investor morale deteriorated more than expected in July, registering its first fall in a year, and suggested the recovery in the euro zone’s largest economy will be bumpy.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

European stocks give up early end of week gainsShares in AIB, for which the Government said it would dispose of a further 5% block, finished off 0.24%
Bron: IrishTimes - 🏆 3. / 98 Lees verder »