European shares edge lower in thin trading

lunes 28 de diciembre de 2015 05:12 GYT
 

* Euro STOXX 50 index down 0.1 pct

* Volumes thin due to UK holiday

* Monte dei Paschi rises 2 pct

LONDON, Dec 28 (Reuters) - European shares edged lower on Monday in their first day of trade since the Christmas break, with investors reluctant to place strong bets in thin year-end trading.

Germany's DAX was down 0.1 percent at 0856 GMT, the Euro STOXX 50 index fell 0.2 percent, while France's CAC dropped 0.4 percent.

Volumes on the DAX and the CAC were about 4 percent of their 90-day daily average in the first hour of trading.

Naeem Aslam, chief market analyst at AvaTrade, said weak Chinese economic data released on Sunday was also putting some pressure on markets.

"The bias could be skewed towards the downside and most of the bets may also be anchored towards this direction," he said.

Figures showed that profits earned by Chinese industrial companies in November fell from a year earlier, marking a sixth consecutive month of decline.   Continuación...