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European stock markets slip as Deutsche Bank falls

Published 2016-10-10, 03:21 a/m
© Reuters.  European stock markets slip as Deutsche Bank falls
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LONDON, Oct 10 (Reuters) - European stock markets slipped lower on Monday as shares in Deutsche Bank DBKGn.DE fell, weighing on the broader European banking sector.

The pan-European STOXX 600 index .STOXX was down by 0.2 percent.

Deutsche Bank shares fell 2.6 percent, with traders expressing disappointment at a lack of concrete progress in the company's battle against a demand by U.S. authorities for up to $14 billion over mis-selling allegations. Deutsche Bank shares remain down by around 50 percent so far in 2016. pan-European STOXX Europe 600 bank index .SX7P also fell 0.6 percent.

However, shares in William Hill WMH.L climbed 5.5 percent after the British gambling company said it was in merger talks with Canadian online peer Amaya AYA.TO .

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