European shares
inched lower in quiet trading on Monday with Italian stocks left behind
as worries over possible early elections weighed, hitting banks.
The index of the top 50 euro zone stocks .STOXX50E slipped 0.1 percent, while Italian blue chips .FTMIB fell 1.1 percent, on track to end at their lowest close in over three weeks, while Germany's DAX .GDAXI added 0.1 percent.
Weekend reports that Italy's main parties could converge on a proportional electoral law pointed to growing chances of an election in the autumn, possibly leading to no clear majority.
In an interview on Sunday, former Prime Minister Matteo Renzi said an accord on a proportional voting system was possible though it could result in a coalition government that may have trouble holding together.
Italian banks .FTIT8300, already hit by worries surrounding the rescue of two ailing regional lenders Popolare di Vicenza [BPVS.UL] and Veneto Banca [VBANC.UL] lenders, fell 1.8 percent, dragging euro zone banks .SX7E down 0.4 percent.
Among Europe's heavyweight lenders, Italy's Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI) both fell more than 1.7 percent, while Deutsche Bank (DBKGn.DE) slipped 0.2 percent and Banco Santander (SAN.MC) added 0.1 percent.
Lanxess (LXSG.DE) rose more than 3 percent, leading gainers on the STOXX after news that billionaire Warren Buffett had acquired a 3 percent stake in the German chemicals maker.
The index of the top 50 euro zone stocks .STOXX50E slipped 0.1 percent, while Italian blue chips .FTMIB fell 1.1 percent, on track to end at their lowest close in over three weeks, while Germany's DAX .GDAXI added 0.1 percent.
Weekend reports that Italy's main parties could converge on a proportional electoral law pointed to growing chances of an election in the autumn, possibly leading to no clear majority.
In an interview on Sunday, former Prime Minister Matteo Renzi said an accord on a proportional voting system was possible though it could result in a coalition government that may have trouble holding together.
Italian banks .FTIT8300, already hit by worries surrounding the rescue of two ailing regional lenders Popolare di Vicenza [BPVS.UL] and Veneto Banca [VBANC.UL] lenders, fell 1.8 percent, dragging euro zone banks .SX7E down 0.4 percent.
Among Europe's heavyweight lenders, Italy's Intesa Sanpaolo (ISP.MI) and UniCredit (CRDI.MI) both fell more than 1.7 percent, while Deutsche Bank (DBKGn.DE) slipped 0.2 percent and Banco Santander (SAN.MC) added 0.1 percent.
Lanxess (LXSG.DE) rose more than 3 percent, leading gainers on the STOXX after news that billionaire Warren Buffett had acquired a 3 percent stake in the German chemicals maker.
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