11/02/2016

European shares set for eighth straight day of losses

European shares fell in early deals on Wednesday, set for their eighth day of straight losses, with sentiment hit by jitters ahead of the US presidential election next week and a fall in A.P. Moller-Maersk after results. The STOXX 600 index dropped 0.8 percent, hitting its lowest level since July 11, with all sectors in negative territory. Wall Street and Asian shares fell after polls showed that Republican Donald Trump was closing the gap on Democrat Hillary Clinton in the US presidential race. Banking stocks were the top sectoral fallers, down 2.1 percent and extending their losses from the previous session, with Italian lender Banco Populare and Danske Bank among the biggest decliners.