Tech tumble, OPEC anticipation cap gains for European shares

  • Reuters
  • Stock Market News
Tech tumble, OPEC anticipation cap gains for European shares
Credit: © Reuters.

LONDON, Nov 30 (Reuters) - Euro zone stocks made modest gains on Thursday while Britain's FTSE 100 slipped again as sterling climbed, with oil majors teetering as investors eyed the OPEC meeting later in the day, and tech the biggest weight as worries of a peak spread to Europe.

Euro zone stocks .STOXXE and blue-chips .STOXX50E gained 0.1 percent while Britain's FTSE 100 .FTSE fell 0.4 percent in its second day of losses as sterling rose, denting its internationally-exposed constituents.

The FTSE's exposure to sentiment on Brexit has contributed to its divergence from continental European stocks this year, but both regions were on track for a fall for November as investors took profits on stocks after stellar gains.

Both euro zone stocks .STOXXE and the FTSE were on track for their worst monthly fall since June, down 1.7 percent on the month.

Energy stocks were mixed as investors held their breath ahead of the OPEC meeting in Vienna, where oil producers are expected to extend a supply cut which has helped push crude prices higher this year.

Oil majors BP BP.L , Shell RDSa.L and Statoil STL.OL dipped 0.2 to 0.6 percent.

Tech stocks were the biggest weight after fears of a peak drove the sector down in Asian and U.S. trading. Chipmakers ams AMS.S and ASML ASML.AS fell 4 and 0.3 percent.

Exchange operator Euronext ENX.PA meanwhile led gains, up 3 percent after acquiring the Irish Stock Exchange for 137 million euros. most dramatic drop came from Daily Mail and General Trust DMGOa.L shares, sinking 24 percent after full-year profit fell 13 percent, driving the media sector - among the worst-performing this year - down.

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