MILAN Feb 6 European shares inched lower in
early deals on Monday with Frankfurt's DAX
underperforming the broader market on weakness among auto
stocks, while precious metals miners were underpinned by higher
The pan-European STOXX 600 index was down 0.2
percent by 0823 GMT, while the German blue chip DAX index
fell 0.6 percent. The UK's FTSE 100 was flat.
On the DAX, Volkswagen was the biggest loser,
down 1.6 percent, after the carmaker was sued by its first big
German customer over its diesel-test cheating.
Its fall weighed on the European auto index, which
fell 0.9 percent, making it the biggest sectoral faller in
London-listed Randgold Resources rose 4 percent,
topping gainers on the STOXX, after the gold miner posted a 76
percent rise in fourth-quarter profit and said it would raise
its annual dividend.
Other precious metal miners were also in demand as gold
prices gained for a third day, on technical buying and a weaker
(Reporting by Danilo Masoni, editing by Kit Rees)