🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Tech tumble, OPEC anticipation cap gains for European shares

Published 30/11/2017, 08:50
© Reuters.  Tech tumble, OPEC anticipation cap gains for European shares
UK100
-
STOXX50
-
BP
-
SHEL
-
EQNR
-
DMGOa
-
ASML
-
AMS
-
ENX
-
STOXXE
-

LONDON (Reuters) - Euro zone stocks made modest gains on Thursday while Britain's FTSE 100 slipped again as sterling climbed, with oil majors teetering as investors eyed the OPEC meeting later in the day, and tech the biggest weight as worries of a peak spread to Europe.

Euro zone stocks (STOXXE) and blue-chips (STOXX50E) gained 0.1 percent while Britain's FTSE 100 (FTSE) fell 0.4 percent in its second day of losses as sterling rose, denting its internationally-exposed constituents.

The FTSE's exposure to sentiment on Brexit has contributed to its divergence from continental European stocks this year, but both regions were on track for a fall for November as investors took profits on stocks after stellar gains.

Both euro zone stocks (STOXXE) and the FTSE were on track for their worst monthly fall since June, down 1.7 percent on the month.

Energy stocks were mixed as investors held their breath ahead of the OPEC meeting in Vienna, where oil producers are expected to extend a supply cut which has helped push crude prices higher this year.

Oil majors BP (L:BP), Shell (L:RDSa) and Statoil (OL:STL) dipped 0.2 to 0.6 percent.

Tech stocks were the biggest weight after fears of a peak drove the sector down in Asian and U.S. trading. Chipmakers ams (S:AMS) and ASML (AS:ASML) fell 4 and 0.3 percent.

Exchange operator Euronext (PA:ENX) meanwhile led gains, up 3 percent after acquiring the Irish Stock Exchange for 137 million euros.

The most dramatic drop came from Daily Mail and General Trust (L:DMGOa) shares, sinking 24 percent after full-year profit fell 13 percent, driving the media sector - among the worst-performing this year - down. (http://tmsnrt.rs/2zE0MJL)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.