European Stocks Retreat From Post-Brexit Highs

By Riva Gold 
 Stock Market Quotes, Business News, Financial News from

European stocks pulled back from a five-session winning streak Wednesday, cooling from their post-Brexit highs.

The Stoxx Europe 600 inched down 0.3% in the early minutes of trading as falling oil prices dragged down shares of energy companies. Brent crude oil was off 1% at $44.52 a barrel.

Europe’s auto sector also gave back some of Tuesday’s rally as the euro strengthened against the dollar, with shares of Daimler AG, Volkswagen AG and Renault SA all in the red.

Earlier, markets in Hong Kong, Shanghai and Australia ended with small losses. Stocks in Japan erased early gains spurred by speculation that the central bank was buying exchange-traded stock funds, as the yen strengthened against the dollar.

The dollar was broadly weaker Wednesday in thin trading volume, and was last down 0.5% against the yen and 0.3% against the euro and British pound.

Gold rose 0.9% to $1,358 an ounce.

Megumi Fujikawa and Hiroyuki Kachi contributed to this article

Write to Riva Gold at[a]

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