European shares slip

European stock markets slipped lower on Monday as shares in Deutsche Bank fell, weighing on the broader European banking sector, while some major airline shares also declined.

The pan-European STOXX 600 index was down by 0.3 per cent, with the index down by around 7.0 per cent since the start of 2016.

Deutsche Bank shares fell 2.8 per cent, with traders expressing disappointment at a lack of progress in the company`s battle against a demand by US authorities for up to $14 billion over misselling allegations.

Deutsche Bank shares remain down by around 50 per cent so far in 2016.

The pan-European STOXX Europe 600 bank index also fell 1.1 per cent.

Airline shares also fell.

Air France KLM weakened by 1.1 per cent after traders said its September traffic figures was a bit weaker than expected. That weighed on Lufthansa, whose shares fell 1.6 per cent.

EasyJet, which issued a profit warning last week, also fell 3.4 per cent after SocGen cut its rating on the stock to "sell" from "hold".

However, shares in William Hill climbed 4.5 per cent after the British gambling company said it was in merger talks with Canadian online peer Amaya, according to a news agency report.