European stocks fell, heading for their first December decline since 2008, as energy shares slid.
The Stoxx Europe 600
Index dropped 0.9 percent to 341.02 at the close of trading. A gauge of
oil and gas companies lost 1.8 percent, posting the biggest loss among
19 industry groups as oil prices traded near a five-year low. The
broader European gauge has fallen 1.8 percent this month, with Greek
equities slumping on concern about the implications of early
parliamentary elections.
The Stoxx 600 has
trimmed its annual advance to 3.9 percent. Greece™s ASE Index slid 15
percent this month as Prime Minister Antonis Samaras failed a third time
to get enough backing for his presidential candidate, prompting him to
recommend snap parliamentary elections. He met with President Karolos
Papoulias in Athens today to request elections on Jan. 25. The
opposition Syriza party leads polls as it pushes to abandon the
austerity measures tied to Greece™s bailout.
Source : Bloomberg
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