Miners weigh on European stocks after best day in four months

  • Reuters
  • Stock Market News
Miners weigh on European stocks after best day in four months
Credit: © Reuters.

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March 9 (Reuters) - European shares slipped on Tuesday after posting their best session in four months, as a retreat in commodity prices pressured miners.

The pan-European STOXX 600 .STOXX was down 0.1% in early deals, with miners .SXPP falling 1.9% and automakers .SXAP dropping 1%.

Dalian iron ore futures fell by the 10% daily limit after anti-pollution restrictions in China's top steelmaking city of Tangshan, while metal prices were also hit by a firm dollar. IRONORE/ MET/L

UK-listed miners Rio Tinto RIO.L , BHP Group (JO: BHPJ ) BHPB.L and Anglo American (JO: AMSJ ) AAL.L fell more than 2%, weighing on UK's commodity-heavy FTSE 100 .FTSE .

The German DAX .GDAXI eased 0.3% after hitting an all-time high in the previous session.

German automotive parts maker Continental AG CONG.DE fell 5.1% after it reported a 12.7% drop in group sales, thanks in part to falling revenue in the automotive, rubber and powertrain divisions.

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