European shares slip as commodity stocks extend losses

martes 20 de octubre de 2015 06:59 GYT
 

(Adds details, updates prices)

* FTSEurofirst 300 and Euro STOXX fall

* Weak China continues to affect mining stocks

* Actelion up after raising earnings forecast

* Athens index outperforms on stronger banks

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Oct 20 (Reuters) - European shares fell on Tuesday, after reaching five-weeks highs in the previous session, with mining and energy stocks extending losses in the wake of weak data this week from China.

The pan-European FTSEurofirst 300 index, which had opened flat, lost ground to stand 0.85 percent lower, and the euro zone's blue-chip Euro STOXX 50 index fell 0.9 percent.

Traders said shares moved lower as investors took profits due to a lack of any particularly positive news to justify an extension of recent gains, with the focus remaining on U.S. earnings and the European Central Bank meeting this week.   Continuación...