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European shares fall after Saudi attacks, bleak China data

Published 16/09/2019, 08:22
© Reuters.  European shares fall after Saudi attacks, bleak China data
UK100
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(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

Sept 16 (Reuters) - European shares fell on Monday after

four straight sessions of gains as attacks on crude facilities

in Saudi Arabia and weak China data dented investors' risk

appetite.

The drone attacks in the weekend, which cut more than 5% of

the global oil supply, sent crude prices soaring as much as 19%,

pushing the oil & gas index .SXEP 3% higher. Airline stocks were down, with Ryanair Holdings RYA.I , Air

France KLM SA AIRF.PA and EasyJet PLC EZJ.L falling more

than 4%.

Data showed China's economic slowdown deepened in August,

with industrial production growing at its weakest pace in 17-1/2

years amid rising U.S. trade pressure and softening domestic

demand. The pan-European STOXX 600 index .STOXX fell 0.5% at 0710

GMT, with trade-sensitive German shares .GDAXI falling 0.6%.

London's FTSE .FTSE logged the smallest losses, with a

0.07% dip, helped by a rise in shares of oil majors BP BP.L

and Shell RDSa.L .

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