European stocks knocked back by weak oil price and Burberry drop

jueves 14 de abril de 2016 04:04 GYT
 

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* FTSEurofirst 300 slips down off 1-month high

* Burberry slumps after H2 sales fall

* Weak oil prices also weigh on markets

By Sudip Kar-Gupta

LONDON, April 14 (Reuters) - Weak oil prices and a fall in the shares of Burberry knocked back European stock markets on Thursday.

The pan-European FTSEurofirst 300 index, which had risen 2.6 percent to a one-month high in the previous session, slipped back 0.2 percent.

The FTSEurofirst remains down by around 6 percent since the start of 2016, as concerns about a China-led economic slowdown have hit world stock markets and commodity prices, given China's role as a major consumer of oil and metals.

Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply.   Continuación...