European shares fall to lowest since October as oil prices plunge

lunes 14 de diciembre de 2015 13:43 GYT
 

* FTSEurofirst down 1.8 pct

* Brent sinks towards crisis lows

* Resources and auto stocks also fall (Adds closing prices, quote)

By Alistair Smout and Danilo Masoni

LONDON/MILAN, Dec 14 (Reuters) - European shares fell to a 2 1/2-month low on Monday as Brent crude oil prices dropped to their lowest since 2008.

Brent sank below $37 a barrel for the first time since December 2008, amid expectations that a glut in oil supplies would grow in the months to come.

Energy shares fell 2.6 percent. Seadrill, Tullow Oil and OMV were down 3 to 5 percent.

But the declines were not limited to oil and gas stocks. Every STOXX Europe 600 sector fell at least 1 percent.

"It's a little bit surprising that a lower oil price is taken as such a negative by the stock market," said Dennis Jose, European equity strategist at Barclays.   Continuación...