(MENAFN– ecpulse)
European shares slipped on Monday midday trading, following a four-week rally, as UK banks shares dipped on possible secession to Scotland from the United Kingdom union.
For first time since the beginning of referendum campaign, a poll results showed that rise in yes votes to 51 percent and drop on no votes to 49 percent.
Banks shares were the most affected amid questions ability of Scotland to host such large banks if it got its independence.
On the political front, the fighting continued in eastern Ukraine to raise suspicions about the efficacy of the cease-fire agreement between Kiev and pro-Russia rebels clinched on Friday.
“Fighting has already flared up in eastern Ukraine overnight into Sunday, killing one woman and injuring at least four people and jeopardizing a ceasefire struck less than two days earlier,” Reuters said.
As of 07:19 EST, STOXX EUROPE 600 slipped 0.86% to record 344.58 points. Information Technology led the decline with a drop of 0.16%, where the largest losses were recorded by Ocado Group PLC as its shares plummeted 5.47% to 300.80 GBP.
The largest gains, on the other hand, were led by Electrolux AB-B as its equities rose 5.71% to 198.20 SEK.
Regarding other major European indices, France’s CAC 40 index retreated 0.38% to 4469.66 points, and FTSE 100 decreased 1.03% to 6784.51 points. Germany`s DAX 30 plummeted 0.17% to 9730.15 points.
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