European shares lower as Germany's Zalando slumps; oil stocks ease

  • Reuters
  • Stock Market News
European shares lower as Germany's Zalando slumps; oil stocks ease
Credit: © Reuters.

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Sept 17 (Reuters) - 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 ZALG.DE tumbled 8%, pulling down STOXX 600 index .STOXX , after a share placement by top investor Kinnevik in the e-commerce retailer.

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

Oil and gas stocks .SXEP 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%. are also holding off on making big bets ahead of the U.S. 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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