European shares stage weak recovery as oil price slumps

lunes 7 de diciembre de 2015 13:25 GYT

* FTSEurofirst up 0.4 pct

* Oil stocks down on OPEC inaction

* Electrolux slumps as GE deal falls through

* Property stocks Vonovia, Deutsche Wohnen rally on takeover (Recasts, adds detail, updates prices at close)

By Kit Rees

LONDON, Dec 7 (Reuters) - European shares saw weak gains on Monday as the price of crude neared 7-year lows, pulling down oil shares, and Electrolux's share price slumped after its deal to buy General Electric's appliance business fell through.

Oil prices fell after an OPEC policy meeting on Friday ended without an agreement to lower production.

Repsol, Royal Dutch Shell, BP and Statoil lost between 2.9 and 5.6 percent.

"One of the things on my mind at the moment is oil, and the lack of results from OPEC on Friday. Oil prices may be lower for longer, and that's ... going to be challenging for the energy area of the market," said Adam Laird, head of passive investments at Hargreaves Lansdown.   Continuación...