European shares slip as commodity stocks extend losses

martes 20 de octubre de 2015 10:39 GYT
 

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* FTSEurofirst 300 and Euro STOXX fall

* China's weakness still affecting 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-week highs the day before, as both energy and mining stocks extended losses caused by weak economic date from China.

The pan-European FTSEurofirst 300 index opened flat, then lost ground to fall 0.48 percent. The euro zone's blue-chip Euro STOXX 50 index < .STOXX50E> fell 0.56 percent.

Traders said shares dropped as investors took profits in the absence of anything to justify extending the recent gains. The focus remains on U.S. earnings and the European Central Bank meeting this week.   Continuación...