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    The pan-European STOXX 600 dropped 0.2 per cent, with the retail index down 0.7 per cent.

    Reuters|

    Sep 17, 2019, 01.27 PM IST

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    European shares
    Oil and gas stocks retreated from Monday’s gains as crude prices pulled back after the United States hinted at the possible release of crude reserves.

    European shares fell on Tuesday, dragged by Germany’s Zalando, while energy stocks gave up some gains as crude prices eased slightly after surging in the aftermath of attacks on oil facilities in Saudi Arabia.

    Zalando tumbled 8 per cent, pulling down STOXX 600 index , after a share placement by top investor Kinnevik in the e-commerce retailer.

    The pan-European STOXX 600 dropped 0.2 per cent, with the retail index down 0.7 per cent.

    Oil and gas stocks retreated from Monday’s gains as crude prices pulled back after the United States hinted at the possible release of crude reserves. The index was up 0.7 per cent.

    Investors are also holding off on making big bets ahead of the US Federal Reserve’s policy meeting this week, where it is expected to cut interest rates for the second time this year.

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