European shares fall in thin trading, energy shares weigh

lunes 28 de diciembre de 2015 08:09 GYT

* Euro STOXX 50 index down 0.5 pct

* Energy shares among top decliners

* Volumes thin due to UK holiday

By Atul Prakash

LONDON, Dec 28 (Reuters) - European shares fell on Monday in their first day of trade since the Christmas break, with a sharp decline in crude oil prices putting pressure on energy stocks such as Repsol and Total.

The Euro STOXX Oil and Gas index fell 1.2 percent as crude oil dropped towards $37 a barrel, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the downturn began in mid-2014.

Shares in Repsol, Total and oil services company Technip fell between 1.3 percent and 3.1 percent.

"Today's drop is again due to the low price of oil and the fall in the oil and gas sector following the weak Chinese data over the weekend," John Plassard, senior equity sales executive at Mirabaud Securities, said.

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