Miners, oil stocks weigh on European shares as commodities slump

lunes 1 de diciembre de 2014 06:08 GYT

* FTSEurofirst 300 down 0.7 pct

* Weak China data hits miners

* Oil stocks extend slump as crude falls

* E.ON boosted by spinoff plans

By Francesco Canepa

LONDON, Dec 1 (Reuters) - European shares fell on Monday as weak Chinese and euro zone economic data contributed to a rout in the commodities market and early indications of disappointing sales at the start of the U.S. holiday shopping season.

At 0942 GMT, the pan-European FTSEurofirst 300 index was down 0.7 percent at 1,383.49 points, falling for the first time in seven sessions.

Mining stocks weighed as London copper tumbled to its lowest level in four-and-a-half years and oil fell more than $2 a barrel to a five-year low.

Data showed China's factories slowed more than expected in November, casting a shadow over demand prospects at a time when the oil market already faces a supply glut.   Continuación...