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European shares lower as oil gives up gains

Published 02/16/2016, 08:22 AM

Investing.com - European shares fell on Tuesday after oil prices gave up early gains as four producers agreed to freeze but not cut output.

Oil prices turned lower as expectations for an immediate deal to tackle a global supply glut
faded.

Equity markets slipped from their highs to trade slightly negative and U.S. stock futures came off their earlier highs.

Investors remained wary amid persistent fears over slowing global growth and the spread of negative interest rates.

The yen and the euro rose against the dollar in a sign of investor caution after last week's sell-off of risky assets.

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