European stocks knocked lower by commodity slump

lunes 1 de diciembre de 2014 09:34 GYT

* FTSEurofirst 300 down 0.6 pct, led lower by oil, mining stocks

* Vodafone dips on worries over potential bid for Liberty Global

* Oil stocks suffered market-cap wipeout of $250 bln since June

By Blaise Robinson

PARIS, Dec 1 (Reuters) - European shares fell on Monday, led lower by oil and mining stocks, as weak Chinese and euro zone economic data fuelled a rout in the commodities market.

Shares in UK telecom group Vodafone sank 4.4 percent on talk it would bid for cable operator Liberty Global .

Sources said Vodafone is reviewing potential acquisitions, including Liberty Global, to counter pending consolidation among rivals in Britain.

At 1300 GMT, the FTSEurofirst 300 index of top European shares was down 0.6 percent at 1,384.27 points.

Shares in oil majors and oil services companies sank as Brent crude oil tumbled to a five-year low below $68 a barrel. Fugro fell 2.6 percent, ENI 1.6 percent and Royal Dutch Shell 0.8 percent.   Continuación...