European shares led lower by commodities, mixed earnings

martes 10 de noviembre de 2015 07:22 GYT
 

(Adds details, update prices)

* FTSEurofirst 300 down 0.4 pct, Euro STOXX 50 down 0.5 pct

* Vodafone rises after strong results, Vallourec drops

* Portuguese stocks underperform on political uncertainty

By Danilo Masoni

MILAN, Nov 10 (Reuters) - European shares were lower on Tuesday for a second straight day as losses among commodity stocks and political uncertainty in Portugal weighed, while Vodafone shone in an otherwise mixed picture for corporate earnings.

The pan-European FTSEurofirst 300 was down 0.4 percent, giving up initial gains, and the euro zone's blue-chip Euro STOXX 50 index was down 0.5 percent.

Shares had opened higher on the back of a weaker euro, which makes investment in the region more attractive, but pared gains as commodities stocks extended falls and U.S. futures pointed to a lower open at Wall Street.

The European mining index was the top sectoral faller with a drop of 1.35 percent, as London copper prices moved closer to a six-year low on Tuesday amid a firmer dollar and prolonged economic weakness in top metals consumer China.   Continuación...