European shares fall as mining sector, financials slump



Oct 13 European shares fell on Thursday as underwhelming Chinese trade data knocked down mining stocks while Standard Life and Aegon slid on broker downgrades.
The pan-European STOXX 600 index fell more than 1 percent, with the index down by around 8 percent so far in 2016. All major sub-sectors were lower on Thursday.
Standard Life fell 4.5 percent after Barclay's cut the stock to "underweight" while insurer Aegon fell more than 5 percent after Societe Generale cut it to a "hold" on worries over variable annuities in the U.S.
Dutch navigation firm TomTom fell 6.6... read more

 
13 October 2016 in World News, Views: 38
Source: Reuters
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