European shares slip lower, led by Germany

martes 6 de octubre de 2015 04:31 GYT
 

* FTSEurofirst 300 down 0.5 pct

* DAX drops after weak industrial orders

* TeliaSonera drops 3 pct after newspaper report

* Bouygues rises after defending standalone strategy

By Alistair Smout

LONDON, Oct 6 (Reuters) - European shares fell on Tuesday following strong gains in the previous session, with Germany underperforming after reporting industrial orders unexpectedly fell in August.

Data showed that German industrial orders dropped mainly because demand from non-euro zone countries weakened. Holidays also had an effect.

Volkswagen came under pressure again, falling around 3 percent after Handelsblatt reported that VW had admitted 8 million vehicles were fitted with software capable of cheating diesel emissions tests in the European Union. Its sales in South Korea also fell.

Joe Rundle, head of trading at ETX Capital, said that the data and problems at Volkswagen partly explained the underperformance of Germany's blue-chip DAX index.   Continuación...