Oil-related stocks depress European shares after landmark Iran deal

martes 14 de julio de 2015 04:09 GYT
 

* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 down 0.2 pct

* Commodity sector drops with oil prices on nuclear deal

* Winning run inspired by Greek deal set to end

* Gjensidige, Kuehne und Nagel rise after earnings

By Alistair Smout

LONDON, July 14 (Reuters) - European stocks edged lower on Tuesday after a four-day rally, with weaker oil prices weighing on commodity stocks after Iran and six world powers agreed a landmark nuclear deal which could see sanctions on oil exports lifted.

The STOXX Europe 600 Oil & Gas EUR Price Index fell 0.8 percent, making it the top sectoral faller.

Oil prices fell more than a dollar. A Reuters survey of analysts had said that Iran would increase its oil exports by up to 60 percent within a year if a nuclear agreement was reached.

"A key question is now how quickly supply will now come online," Ashburton European equity fund manager, Veronika Pechlaner, said.   Continuación...