| CATEGORY: MARKET REPORT - EUROPE SECTOR: FOSSIL FUELS AND DISTRIBUTION |
European open: Shares retreat |
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Tue 17 Nov 2009
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LONDON (SHARECAST) - Europes main markets turned lower after a four-day winning streak, with commodity and banking stocks among the leading fallers.
Investors are pocketing profits after crude oil prices spiked over 3% on Monday as the dollar weakened against major currencies and investors cheered mostly upbeat economic data.
Oil for December delivery jumped $2.55 to close at $78.90 a barrel on the New York Mercantile Exchange. Royal Dutch Shell, Eni and Total are all lower.
In the banking sector, Societe Generale, Credit Agricole and BNP Paribas are on offer.
Across the markets, the Dax is 20 points lower in Frankfurt at 5,785, while the Cac is 21 points down at 3,842. The Swiss market has dropped 31 points to 6,392.
Insurance firm Fortis gained after it reported a net profit for the third quarter of 196m and confirmed its fiscal-year outlook.
CAC 40 - Risers
Accor (AC) 37.11 +2.85%
EADS (EAD) 13.98 +1.71%
Cap Gemini (CAP) 32.25 +1.03%
Pernod Ricard (RI) 58.98 +0.82%
Carrefour (CA) 32.40 +0.76%
Lagardere SCA (MMB) 31.20 +0.61%
Danone (BN) 43.81 +0.53%
Veolia Environnement (VIE) 23.21 +0.52%
ST Microelectronics (STM) 5.91 +0.25%
Michelin (ML) 55.93 +0.20%
CAC 40 - Fallers
Societe Generale (GLE) 49.55 -2.35%
Bouygues (EN) 35.46 -1.23%
Credit Agricole (ACA) 14.98 -1.22%
BNP Paribas (BNP) 57.46 -1.10%
Air Liquide (AI) 79.10 -1.06%
Total (FP) 42.43 -0.96%
Dexia (DEXB) 5.48 -0.90%
ArcelorMittal SA (MT) 25.77 -0.90%
Unibail-Rodamco (UL) 158.60 -0.75%
LVMH (MC) 75.63 -0.75%
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