European shares drop as mining stocks weaken, airlines fall

jueves 19 de mayo de 2016 05:18 GYT
 

* FTSEurofirst index falls 0.8 pct

* Mining shares drop as metals prices fall

* Airlines down as Egyptair plane goes missing

* Thomas Cook slumps after poor update

By Atul Prakash

LONDON, May 19 (Reuters) - European stocks retreated on Thursday as weaker oil and metals prices put pressure on commodities shares and concern mounted that U.S. interest rates would be raised soon.

Travel and leisure stocks fell after an Egyptair flight carrying 66 passengers and crew disappeared on a flight from Paris to Cairo .

Shares in British holiday company Thomas Cook slumped nearly 17 percent, reaching their lowest since March 2013, after it said tourists were avoiding Turkey, its second-most popular destination last year.

The pan-European FTSEurofirst 300 index was down 0.8 percent, erasing the previous session's gains. The basic resources sub-index fell 3.3 percent and the energy sub-index dropped 1.8 percent drop.   Continuación...