European stocks slip as Deutsche Bank and airline shares fall

Mon Oct 10, 2016 4:10am EDT
 
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(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

* Deutsche Bank shares fall, no progress on DoJ situation

* Air France KLM, Lufthansa and easyJet shares fall

* William Hill rises on Amaya merger talks

By Sudip Kar-Gupta

LONDON, Oct 10 (Reuters) - European stock markets slipped lower on Monday as shares in Deutsche Bank fell, weighing on the broader European banking sector, while some major airline shares also declined.

The pan-European STOXX 600 index was down by 0.3 percent, with the index down by around 7 percent since the start of 2016.

Deutsche Bank shares fell 2.8 percent, with traders expressing disappointment at a lack of progress in the company's battle against a demand by U.S. authorities for up to $14 billion over misselling allegations. Deutsche Bank shares remain down by around 50 percent so far in 2016.

The pan-European STOXX Europe 600 bank index also fell 1.1 percent.   Continued...