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Weak commodity prices weigh on European shares

Published 02/03/2021, 09:16
Updated 02/03/2021, 09:18
© Reuters.

© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
March 2 (Reuters) - European stocks benchmark fell on
Tuesday after recording its strongest session in four months a
day earlier as heavyweight mining and energy stocks retreated on
weaker commodity prices.
The pan-regional STOXX 600 index .STOXX fell 0.2% in early
trading, following Asian markets into the red after China's top
banking and insurance regulator expressed caution over the risk
of bubbles bursting in foreign markets. Oil majors Royal Dutch Shell RDSa.L , BP BP.L and Total
TOTF.PA fell between 1% and 2% as crude prices dropped on
worries about slowing demand in China. O/R
Oil and gas sector .SXEP fell 1.4%, while miners .SXPP
declined 0.6%.
German meal-kit delivery company HelloFresh HFGG.DE
shares, which have more than doubled in the past year, fell 4.6%
even as the company reported fourth-quarter sales above market
expectations.

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