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European shares trade lower, oil majors weigh
by hlk Thu 26 Jul 2012, 17:24
LONDON: European shares edged slightly lower on Thursday, in choppy
opening trade, as investors balanced downbeat corporate earnings
reports with hopes for further U.S. stimulus to boost growth.
The FTSEurofirst 300 was down 0.1 percent at 1,017.14 by 0717 GMT, with energy majors Royal Dutch Shell and BG Group among the top fallers, nursing respective falls of 2.3 percent and 1.9 percent, after missing forecasts.
"Despite
increasing speculation that the Fed will announce a range of measures
including further QE (quantitative easing), possibly as early as
August, the underlying confidence remains fragile and volatility looks
set to continue," Mike McCudden, head of derivatives at Interactive Investor, said.
Disappointing
U.S. new homes sales on Wednesday, in the aftermath of a series of
bleak U.S. macro data, has fuelled expectation that the Federal Reserve
might unveil a new round of quantitative easing at its meeting next
week. - Reuters
opening trade, as investors balanced downbeat corporate earnings
reports with hopes for further U.S. stimulus to boost growth.
The FTSEurofirst 300 was down 0.1 percent at 1,017.14 by 0717 GMT, with energy majors Royal Dutch Shell and BG Group among the top fallers, nursing respective falls of 2.3 percent and 1.9 percent, after missing forecasts.
"Despite
increasing speculation that the Fed will announce a range of measures
including further QE (quantitative easing), possibly as early as
August, the underlying confidence remains fragile and volatility looks
set to continue," Mike McCudden, head of derivatives at Interactive Investor, said.
Disappointing
U.S. new homes sales on Wednesday, in the aftermath of a series of
bleak U.S. macro data, has fuelled expectation that the Federal Reserve
might unveil a new round of quantitative easing at its meeting next
week. - Reuters
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