European stock markets slip as Deutsche Bank falls
LONDON, Oct (HKSE: 3366-OL.HK - news) 10 (Reuters) - European stock markets slipped lower on Monday as shares in Deutsche Bank (LSE: 0H7D.L - news) fell, weighing on the broader European banking sector.
The pan-European STOXX 600 index 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.
The pan-European STOXX Europe 600 bank index also fell 0.6 percent.
However, shares in William Hill (Frankfurt: 633847 - news) climbed 5.5 percent after the British gambling company said it was in merger talks with Canadian online peer Amaya (Frankfurt: 0AY.F - news) .
(Reporting by Sudip Kar-Gupta, editing by Kit Rees)