European shares fall as Doha oil deal fails

lunes 18 de abril de 2016 03:16 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 down more than 1 percent

* Oil stocks lead market lower, Reckitt rises

MILAN, April 18 (Reuters) - European shares fell in early trading on Monday, with oil stocks leading the market lower as crude prices tumbled after a meeting by major exporters in Doha collapsed without a deal to freeze output.

The STOXX Europe Oil and Gas index fell 3.4 percent, making it the top sectoral loser with shares in Royal Dutch Shell, Total and Eni all down by more than 3 percent.

The pan-European FTSEurofirst 300 index fell 1.2 percent by 0710 GMT.

But Reckitt Benckiser rose around 1 percent, topping gainers on the FTSEurofirst, after it reported slightly better than expected quarterly sales and affirmed its full-year forecast.