European shares relapse into losses as oil prices fall back

European shares relapse into losses as oil prices fall back

TOKYO (AP) — European shares fell Monday as oil prices slipped back below $32 a barrel while Asian markets were buoyed for a second day by stimulus hopes.

A rally in battered crude oil prices that began Friday appears short-lived.

ANALYST VIEWPOINT: Markets have rallied on hints of further easing by the ECB and speculation that the BOJ will follow suit.

Investors shrugged off trade data for December released Monday that showed exports fell for three straight months, though imports fell at a faster pace thanks to the collapse in oil prices.