European shares retreat from 3-week high

European shares retreat from 3-week high

Thursday 1438/3/2 – 2016/12/01

LONDON, Rabi’I 02, 1438, December 01, 2016, SPA — European shares edged lower on Thursday in a broad-based sell-off, halting a two-day rally and retreating from the previous session’s three-week highs, Reuters reported.
The STOXX 600 was down 0.6 percent by 0938 GMT, having climbed to its highest level since November 10 in the previous session.
Almost every sector was in negative territory. The exceptions were in the commodity space after oil-producing countries came to a deal to limit oil output.
The STOXX Europe 600 Oil and Gas index was up 1.1 percent, while the basic resources index was up 0.1 percent, the only two sectors in positive territory.
–SPA
13:27 LOCAL TIME 10:27 GMT