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LONDON, Dec 6 (Reuters) – European shares edged lower in early trading on Tuesday, with commodities-related stocks coming under pressure following a drop in prices of crude oil and industrial metals. The pan-European STOXX Europe index was down 0.2 percent. Italy’s FTSE MIB was trading flat after finishing down 0.2 percent on Monday following political jitters in Italy. The STOXX Europe 600 Basic Resources index dropped 1.4 percent, the biggest sector faller, after prices of major industrial metals such as copper, aluminum and nickel fell 0.
5 to 1.2 percent. Energy shares also slipped, with the regional oil – http://En.Wiktionary.org/wiki/regional%20oil and gas index falling 0.8 percent after crude oil fell after its output rose – http://www.europeana.eu/portal/search.html?query=output%20rose in virtually every major export region despite plans by OPEC and Russia to cut production. Shares in Anglo American, BHP Billiton, Rio Tinto and BP fell 1 to 2.4 percent. Among mid-caps, Britain’s CMC Markets and IG both slumped more than 20 percent after UK’s financial watchdog proposed stricter rules for CFD (contract for difference) products.
(Reporting by Atul Prakash, Editing by Vikram Subhedar)
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