OPEC sinks energy firms to cap European share rally; DAX extends streak

jueves 27 de noviembre de 2014 13:24 GYT
 

* FTSEurofirst 300 up 0.2 pct, DAX up 0.6 pct

* Energy services firms tumble to new lows

* Stimulus speculation helps euro zone stocks

* DAX gains ground for 11th straight session (Recasts, adds closing prices)

By Alistair Smout

LONDON, Nov 27 (Reuters) - Share price falls for energy firms capped gains for top European stocks on Thursday, after OPEC resisted pressure to cut supply in the face of a global slump in the oil price.

However, shares were able to edge higher, led up by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank.

Oil-related stocks were under pressure, making up the 12 biggest fallers on the index, as oil tumbled $6 and touched a four-year low following the Organisation of the Petroleum Exporting Countries' decision not to cut supply.

The STOXX Europe 600 Oil & Gas Index extended losses to trade down 4 percent following the meeting.   Continuación...