Prime News

European Shares Retreat from 15-Month Peaks as G-20 Statement Eyed

European markets retreated from 15-month peaks in early deals as investors assessed the potential impact that trade barriers might have on global growth. The pan-European STOXX 600 dropped 0.1 percent in early morning trade as most sectors and major bourses were in the red.

The oil and gas index was the biggest decliner, off by 0.7 percent, as crude prices dropped on growing U.S. drilling activity and steady supplies from OPEC countries. Brent was trading at $51.61 per barrel, 0.3 percent lower and U.S. WTI was at $48.47 per barrel, down 0.6 percent. Britain's Tullow Oil was near the bottom of the European benchmark after reports of its plans to raise £607 million ($750 million) to lower a debt burden. Shares of Tullow Oil fell 1.1 percent.

Among shares active on corporate news, French IT firm Atos has denied reports that its Worldline payment terminals business was bracing for an offer for Ingenico. The latter's stock came off highs after the report and was trading flat.

Banks were also weighed down by lender Deutsche Bank leading the declines, slipping one percent.
Recommend: Prime News
 
Dollar Flat After Postponement of Health Care Vote
24 Mar 2017, 02:40 UTC+00   
Views today: 1424 
Gold Stable as U.S Health Care Vote Eyed
24 Mar 2017, 03:31 UTC+00   
Views today: 1423 
Samsung Rejects Demands for Restructuring Move
24 Mar 2017, 08:17 UTC+00   
Views today: 1420 
Wall Street Retreats After Delay Vote on Health-Care Bill
24 Mar 2017, 02:12 UTC+00   
Views today: 1408 
Amazon wins $1.5 billion tax dispute with IRS
24 Mar 2017, 07:10 UTC+00   
Views today: 1405 

All Prime news