UPDATE 2-European shares post best weekly streak since 2014 [Reuters]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Reuters
Oil boom sets European shares for best weekly streak since 2014 | Reuters 4 Min Read MILAN (Reuters) - European shares dipped in morning trading on Friday but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. The pan-European STOXX 600 index fell 0.3 percent by 0827 GMT but remained near its highest level in more than three months and was up 0.5 percent on the week, while the FTSE .FTSE fell 0.2 percent from a record close on Thursday. The last time the STOXX rose eight weeks in a row was in May 2014. After a turbulent start of the year, equities in Europe have been buoyed by a surge in crude prices to $80 which has prompted investors add exposure to the energy sector. “Within our positive view on overall commodities, we remain neutral on energy. We prefer to gain exposure through energy equities, which have positive cash flows and efficient cash management,” the Investment St
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