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Commodities slide, European stocks trim gains

FXStreet (Mumbai) - Commodity prices extended the drop, while European stocks trimmed gains as we head into the US session.

The pan-European Euro Stoxx 600 index now trades just 0.1% higher on the day around 363.55 levels. At point of time, the index was up more than 0.5% at 366.08 levels.

Meanwhile, Comex copper extended losses to trade 1.71% lower at USD 2.363/pound. Brent and WTI also extended the drop to trade 1.7% and 2% lower on the day.

The slide in the commodity prices weighed over oil and mining shares across Europe. Shares in UK based Anglo American, Glencore, Tullow Oil lost 6%, 3.6%, and 3.5% respectively.

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