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European shares lower as Germany's Zalando slumps; oil stocks ease

Published 09/17/2019, 03:33 PM
Updated 09/17/2019, 03:40 PM
European shares lower as Germany's Zalando slumps; oil stocks ease
SXRP
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STOXX
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ZALG
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SXEP
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
Sept 17 (Reuters) - European shares fell on Tuesday, dragged
by Germany's Zalando, while energy stocks gave up some gains as
crude prices eased slightly after surging in the aftermath of
attacks on oil facilities in Saudi Arabia.
Zalando ZALG.DE tumbled 8%, pulling down STOXX 600 index
.STOXX , after a share placement by top investor Kinnevik in
the e-commerce retailer.
The pan-European STOXX 600 dropped 0.2%, with the retail
index .SXRP down 0.7%.
Oil and gas stocks .SXEP retreated from Monday's gains as
crude prices pulled back after the United States hinted at the
possible release of crude reserves. The index was up 0.7%.
Investors are also holding off on making big bets ahead of
the U.S. Federal Reserve's policy meeting this week, where it is
expected to cut interest rates for the second time this year.

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