European shares decline
Wednesday, 12 December 2007
Traders at the Frankfurt Stock Exchange. Europe's top equity markets have slipped as banking shares lost further ground amid the subprime lending crisis and as investors positioned themselves before a key US interest-rate call.
Europe's top equity markets dropped Tuesday, with banking shares losing further ground amid the subprime lending crisis and as investors positioned themselves before a key US interest-rate call, according to report release on Internet.
London's FTSE 100 index of leading companies fell 0.50 percent to 6,530.60 points in late morning trade. Frankfurt's DAX 30 shed 0.19 percent to 8,017.90 points and in Paris the the CAC 40 lost 0.29 percent to 5,733.74.
The DJ Euro Stoxx 50 index of top eurozone shares decreased by 0.26 percent to 4,453.79 points.
The European single currency stood at 1.4669 dollars.
"Everyone it waiting for the Federal Reserve interest rate meeting" due late Tuesday, said Tradindex analyst Mark Foulds.
"The UK market is also weaker on the back of UK trade figures which were lower than expected," he added.
US stock markets rallied Monday with investors betting heavily that the US central bank would cut interest rates for a third straight time amid economic uncertainty.
Europe's top equity markets dropped Tuesday, with banking shares losing further ground amid the subprime lending crisis and as investors positioned themselves before a key US interest-rate call, according to report release on Internet.
London's FTSE 100 index of leading companies fell 0.50 percent to 6,530.60 points in late morning trade. Frankfurt's DAX 30 shed 0.19 percent to 8,017.90 points and in Paris the the CAC 40 lost 0.29 percent to 5,733.74.
The DJ Euro Stoxx 50 index of top eurozone shares decreased by 0.26 percent to 4,453.79 points.
The European single currency stood at 1.4669 dollars.
"Everyone it waiting for the Federal Reserve interest rate meeting" due late Tuesday, said Tradindex analyst Mark Foulds.
"The UK market is also weaker on the back of UK trade figures which were lower than expected," he added.
US stock markets rallied Monday with investors betting heavily that the US central bank would cut interest rates for a third straight time amid economic uncertainty.