European shares dragged down by weak commodity prices

miércoles 30 de diciembre de 2015 05:03 GYT

* FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.8 pct

* Weak oil and metals prices weigh on markets

By Sudip Kar-Gupta

LONDON, Dec 30 (Reuters) - European stock markets fell on Wednesday as weak commodity prices impacted the shares of mining and energy companies.

The pan-European FTSEurofirst 300 index fell 0.5 percent, while the euro zone's blue-chip Euro STOXX 50 index declined by 0.6 percent, both surrendering ground after rising in the previous session.

Britain's FTSE 100 index of leading shares fell 0.8 percent while Germany's DAX retreated by 0.6 percent.

"The ongoing weakness in the oil price is dragging down the markets," said John Plassard, senior equity sales executive at Mirabaud Securities.

Crude oil futures slipped towards $37 per barrel as the market remained under pressure due to slowing demand and high supplies.

Crude prices have plunged by two-thirds since mid-2014 as soaring output from the Organization of the Petroleum Exporting Countries, Russia and the United States led to a global surplus of between half a million and 2 million barrels per day.   Continuación...