European shares open lower

File picture: Dado Ruvic

File picture: Dado Ruvic

Published Nov 23, 2015

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Milan - European shares opened lower on Monday, dragged down by a steep fall in commodities and energy stocks on demand fears.

The pan-European FTSEurofirst 300 was down 0.8 percent, after ending at three-month highs on Friday, while the Euro STOXX 50 index was 0.7 percent lower.

Belgian shares fell 0.5 percent, broadly in line with the overall market, as investors shrugged off concerns of a Paris-style mass attack.

Mining stocks were the top sectoral faller with a drop of more than 2 percent as metal prices fell to multi-year lows on worries about China demand. Energy plays was also lower, weighed down by a drop in crude prices.

But German ATM maker Wincor Nixdorf rose more than 4 percent after US rival Diebold launched a $1.8 billion cash and share offer.

REUTERS

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