European shares drop
Friday, 14 September 2007
LONDON, Sept 13 (AFP): Europe's main stock markets slid Thursday after the euro struck a record dollar high and oil prices surged above US$80 a barrel in New York, threatening company profits.
London's FTSE 100 index of leading shares fell 0.24 percent to 6,290.90 points in late morning trade.
Nearing the half-way mark, Frankfurt's DAX 30 dropped 0.50 percent to 7,435.37 points and in Paris, the CAC 40 lost 0.17 percent to stand at 5,498.42.
The DJ Euro Stoxx 50 index slipped by 0.62 percent to stand at 4,184.41 points.
In European stock market trading Thursday, the share price of British Airways dived 1.77 percent to 389.5 pence as the airline faces the prospect of higher fuel costs.
In Paris, Air France plunged 2.13 percent to 26.23 euros.
Elsewhere, home loan lenders continued to struggle on concerns over mortgage arrears among British borrowers. Alliance and Leicester shed 3.89 percent to 926 pence and Northern Rock lost 3.79 percent to 646.5 pence in London.
Earlier, Japanese share prices closed mixed as investors took a cautious stance amid uncertainties about the health of the US economy.
The Tokyo market was also watching the race to replace Prime Minister Shinzo Abe, who announced his resignation Wednesday after a plunge in his popularity.
US stocks had drifted mostly lower Wednesday.
London's FTSE 100 index of leading shares fell 0.24 percent to 6,290.90 points in late morning trade.
Nearing the half-way mark, Frankfurt's DAX 30 dropped 0.50 percent to 7,435.37 points and in Paris, the CAC 40 lost 0.17 percent to stand at 5,498.42.
The DJ Euro Stoxx 50 index slipped by 0.62 percent to stand at 4,184.41 points.
In European stock market trading Thursday, the share price of British Airways dived 1.77 percent to 389.5 pence as the airline faces the prospect of higher fuel costs.
In Paris, Air France plunged 2.13 percent to 26.23 euros.
Elsewhere, home loan lenders continued to struggle on concerns over mortgage arrears among British borrowers. Alliance and Leicester shed 3.89 percent to 926 pence and Northern Rock lost 3.79 percent to 646.5 pence in London.
Earlier, Japanese share prices closed mixed as investors took a cautious stance amid uncertainties about the health of the US economy.
The Tokyo market was also watching the race to replace Prime Minister Shinzo Abe, who announced his resignation Wednesday after a plunge in his popularity.
US stocks had drifted mostly lower Wednesday.