European stocks fall led by banking and mining sectors


European shares fell in early trade on Wednesday, extending losses in the previous session as shares of core resource companies and banks were under pressure.

The Stoxx 600 index of European shares fell 0.9 percent to a two-week low as global markets were hurt by concerns that US President Donald Trump could face difficulties in implementing his economic policies aimed at reviving the economy.

The worries weighed on mining stocks, with the sector index down 1.5 percent as copper fell to a two-week low. Banks also fell and the sector index fell 1.5 percent.

Dutch banking group ING was among the biggest losers, dropping nearly 3 percent after a criminal investigation was revealed that could result in huge fines. Austria’s Raiffeisen Bank fell 6.3 percent.

Gemalto was the loser with more than 22 percent. Dutch e-security services fell after they lowered their earnings forecasts.

Britain’s FTSE 100 was down 0.6 percent, while France’s CAC 40 <.FCHI> was down 0.7 percent and Germany’s DAX