European Shares Fall After 3 Sessions of Gains

European shares fell in early trading after gains over three sessions, as a jump in commodity shares was offset by weak trading in Asia and a sudden drop in industrial orders in Germany.

The pan-European Stoxx 600 index fell 0.1%, with auto stocks recording the biggest decline.

Data showed that demand for German-made goods fell the most since the first closing of 2020 in May, hurt by weaker demand from countries outside the Eurozone.

The oil and gas sector index jumped 0.8% as crude prices rose to their highest level since 2018 following the cancellation of the OPEC talks.

Britain-listed BP and Royal Dutch Shell gained about 1% each.