STOXX 600 down 0.6, miners weigh
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July 19 Reuters European shares fell on Friday and were set for weekly losses, hurt by lower commodity prices and as a rout in global technology shares weighed, even as airlines, media companies, banks and telecoms firms around the world said system outages were disrupting their operations.
The panEuropean STOXX 600 index fell 0.6 by 0834 GMT, slipping to a more than twoweek low, amid a broader selloff across sectors.
Travel and leisure shares led losses with a 2.6 drop and were on course to log their worst day in more than a month, driven by a 9.3 fall in Evolution after it maintained its fullyear guidance.
Miners shed 2.1, weighing the most on the benchmark index, on lower commodity prices due to the lack of Chinese stimulus measures.
German shares lost 0.9 after producer prices in the regions largest economy fell by 1.6 on the year in June, in line with analysts39; expectations in a Reuters poll.
The benchmark index was on course to log its fifth consecutive session of losses and a weekly decline as investors grapple with political developments in the United States and tougher trade rules that led to a rout in technology shares.
Tech shares were down 0.7 on the day and on track to clock a more than 7 loss for the week.
It39;s a little bit of a perfect storm of the impact on Europe of this significant rotation out of tech in the U.S. combined with some…