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Europe Roundup: Banks lead falls

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Europe Roundup: Banks lead falls Empty Europe Roundup: Banks lead falls

Post by hlk Tue 26 Jul 2011, 08:13



LONDON: European shares fell yesterday, led by banks hit by
concerns over a possible default in the US and by a downgrade of
Greece's sovereign debt by ratings agency Moody's.

The STOXX Europe 600 Banks index was down 1.9 per cent.

"Sentiment is weak due to ongoing discussions in the United
States and a bit more analysis of the Greek bailout over the weekend,"
said David Coombs, fund manager at Rathbone Brothers. "The Greek
bailout is really only a temporary measure."

By 1125 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.1 percent at 1,107.52 points.






In early afternoon deals, London's benchmark FTSE 100 index slid 0.19
per cent to 5,923.64 points and in Paris the CAC 40 lost 0.16 per cent
to 3,836.37, while Frankfurt's DAX 30 drifted 0.01 per cent lower to
7,325.48. - Agencies
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