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European stock gains limited as auto and mining shares fall

Mining shares dragged down after Moody’s downgraded China’s credit rating

European stock gains limited as auto and mining shares fall

Most major European markets ebbed lower, with automobile makers Daimler and Fiat Chrysler Automobiles and mining stocks among those struggling, while investors were preparing to hear from European Central Bank and Federal Reserve officials, MarketWatch reports.

Among benchmarks, Germany’s DAX was off 0.2% at 12,635.38 and Italy’s FTSE MIB declined 0.3% to 21,345.75.

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