|09-11-2014, 02:26 PM||#1|
European shares drop slightly on Russia sanctions, US data eyed
European shares dropped slightly on midday trading amid worries of a new round of EU sanctions against Russia.
“Representatives of the 28 EU governments agreed to implement plans to bar some Russian state-owned defense and energy companies from raising capital in the bloc, three EU officials said under condition of anonymity in Brussels,” a Bloomberg report said.
In the U.K., still there are talks about the possible split of Scotland from the United Kingdom ahead of a Sep. 18 referendum.
Eyes will watch later in the day, U.S. data which may first-time job applicants to unemployment benefits retreated last week to 300,000, while tomorrow the main focus will be on retail sales for August.
As of 07:18 EST, STOXX EUROPE 600 slipped 0.03% to record 344.61 points. Energy led the decline with a drop of 0.54%, where the largest losses were recorded by Ashmore Group PLC as its shares plummeted 6.32% to 323.10 GBP.
The largest gains, on the other hand, were led by Ocado Group PLC as its equities rose 3.50% to 322.70 GBP.
Regarding other major European indices, France’s CAC 40 index retreated 0.32% to 4436.40 points, and FTSE 100 decreased 0.37% to 6804.82 points. Germany`s DAX 30 plummeted 0.15% to 9686.00 points.
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