LONDON May 29 Euro zone shares fell slightly on
Monday, pulling back further from their highest point in almost
two years, dragged lower by financials and as holidays in major
markets such as the UK and the United States kept investors
European blue chips eased 0.1 percent. Spain's
IBEX fell 0.4 percent with shares of travel booking
software firm Amadeus down another 2 percent and
extending Friday's losses. Germany's DAX was little
UK markets were shut for a public holiday.
All main sectors on the European benchmarks were trading in
the red. Regional banks were among the biggest drags,
however, as investors continued to lock in some gains following
the sector's stellar run from last summer's lows.
Spanish-listed shares of International Airlines Group
, the parent company of British Airways, fell 2.5
percent. BA flights have suffered massive disruptions over the
weekend with over 1,000 flights cancelled after a computer
Italy's Banco BPM and Unicredit were
both down nearly 2 percent.
The dip in oil prices, exacerbated by a relentless rise in
U.S. drilling that has undermined an OPEC-led push to tighten
supply spurred investors, has dented appetite for risky assets
among some investors over the past week.
(Reporting by Vikram Subhedar; Editing by Hugh Lawson)