Commodity Shares Knock Europe off Record Highs


European stocks eased from alltime highs on Monday, with commodity shares leading the declines, as sentiment soured after weakerthanexpected China trade data and worries about inflation.

Miners fell more than 1 as copper prices dipped after a lowerthanexpected Chinese exports data sparked concerns of weakening demand for the red metal.

Oil and gas stocks also declined more than 1 as crude prices pulled back ahead of talks this week between Iran and world powers over a nuclear deal that is expected to boost crude supplies.

The continentwide STOXX 600 index fell 0.3 after closing at a record high on Friday, with global investors in a cautious mood ahead of U.S. inflation data later this week.

French vouchers and cards provider Edenred rose 1.9 after Deutsche Bank upgraded the stock to buy.

Reporting by Sruthi Shankar in Bengaluru;Editing by Sriraj Kalluvila

Source Reuters


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