Europe Stocks Fall as Year-End Nears, Technology Sector Lags
Europe Stocks Fall as Year-End Nears, Technology Sector Lags
(Bloomberg) -- European shares fell on Monday after a mixed session in Asia, with traders continuing to focus on developments in U.S.-China negotiations.
The Stoxx Europe 600 Index dropped 0.2% at 9:05 a.m. CET on the second-to-last day in 2019, with the technology subindex retreating 0.4% to be the worst performer, followed by healthcare and utilities.
Shares of eyewear firm EssilorLuxottica SA dropped more than 1% after it uncovered fraud at a factory in Thailand. Elsewhere, Tecnicas Reunidas SA said it sees an increase in sales and operating margins, prompting the shares to gain more than 6%.
To contact the reporter on this story: Hanna Hoikkala in Stockholm at hhoikkala@bloomberg.net
To contact the editors responsible for this story: Celeste Perri at cperri@bloomberg.net, John Viljoen
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