By Christopher Noble, CBS MarketWatch.com
SAN FRANCISCO (CBS.MW) -- U.S.-listed shares of European companies fell Thursday, as a warning from household appliance maker AB Electrolux and higher oil prices triggered weakness in oil sensitive stocks and some technology shares.
The Bank of New York European ADR Index fell 0.39 points to close at 109.95.
Automakers and airlines were mostly weaker as a new spike in oil prices sank in. The rise in crude oil futures to $49 a barrel weighed on stocks more generally, even hitting some energy shares, which weakened on investor concern about supplies.
Daimler Chrysler dropped 0.9 percent and Fiat SpA fell 0.7 percent. Air France fell 0.7 percent and Ryanair Holdings /zigman2/quotes/208049948/delayed RYAOF 0.00% dropped 0.2 percent, but British Airways /zigman2/quotes/210123207/composite BAB -0.21% edged 0.1 percent higher.
Energy companies Shell Transport and Trading /zigman2/quotes/204824159/composite SC +1.66% , Royal Dutch/Shell , BG Group /zigman2/quotes/200511930/composite BRG -1.17% and BP Plc /zigman2/quotes/207305210/composite BP -0.08% were the biggest decliners. Stolt Offshore , Technip and Smedvig A.S. gained.
Home furnishing stocks fell after AB Electrolux warned that higher steel prices would hurt its profit. Electrolux fell 7.6 percent and Waterford Wedgwood fell 3.4 percent.
Software and communications technology shares weakened while telecommunications shares were higher.