Stronger euro continues to hold back European shares
Reuters
Published Sep 08, 2017 08:43
Stronger euro continues to hold back European shares
LONDON (Reuters) - European shares opened lower on Friday across all major bourses and sectors, failing to get support from rather quiet trading sessions in Asia and Wall Street, and as the euro's rally continues to hurt appetite for regional stocks.
The German blue chip DAX index . (GDAXI) was down 0.1 percent, France's CAC (FCHI) 0.3 percent, Spain's IBEX (IBEX) 0.1 percent, London's FTSE (FTSE) 0.2% and Milan's FTSE MIB was just slightly in negative territory.
The broader pan-European STOXX 600 (STOXX) benchmark was down 0.3 percent.
After suffering four straight sessions in the red, European banks were slightly higher, with the sectoral index (SX7P) up 0.2 percent.
Elsewhere, shares in Pub operator Greene King (L:GNK) made a 14 percent fall after a weak sales update and France's Rubis were down 4.8 percent after its first half results.
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Written By: Reuters
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