European equity rally stalls as carmakers and energy stocks fall

martes 14 de julio de 2015 09:52 GYT

* Auto stocks down as JP Morgan cuts China market forecasts

* Oil prices fall after Iran nuclear deal

* Gjensidige, Kuehne & Nagel rise after earnings

* European bourses in 2015:

* Asset performance in 2015:

By Sudip Kar-Gupta

LONDON, July 14 (Reuters) - European stocks slipped back on Tuesday after a four-day rally, as carmakers fell on concerns about the Chinese market and a landmark nuclear deal on Iran undercut oil prices and energy stocks.

The deal between Iran and six global powers is set to ease sanctions against Tehran and allow a gradual rise in its oil exports, weighing further on already weak oil prices. The STOXX 600 Europe Oil & Gas Index weakened by 0.2 percent.

Carmakers also fell as JP Morgan cut its forecasts for the Chinese auto market, a day after Brilliance China Automotive Holdings, which makes BMW cars in China, issued a profit warning.   Continuación...