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Europe Roundup: Trading lower
by hlk Wed 27 Jul 2011, 08:18
LONDON: European equities fell yesterday in cautious trading amid a flurry of company results, with investors focused on a struggle in Washington over averting a US default.
Stock market investors shunned equities as they sought to lessen their risk exposure amid lingering concern over the growing US debt situation, dealers said.
London's FTSE 100 index dropped 0.17 per cent to 5,915.08 points in midday deals, as official data showed the British economy grew by just 0.2 per cent in the second quarter of 2011, in line with expectations.
Frankfurt's DAX 30 declined 0.23 per cent to 7,327.33 points and in Paris the CAC 40 index shed 0.82 per cent to 3,781.60 points and the Stoxx 50 index of leading eurozone companies lost 0.44 per cent to 2,730.47. - AFP
Stock market investors shunned equities as they sought to lessen their risk exposure amid lingering concern over the growing US debt situation, dealers said.
London's FTSE 100 index dropped 0.17 per cent to 5,915.08 points in midday deals, as official data showed the British economy grew by just 0.2 per cent in the second quarter of 2011, in line with expectations.
Frankfurt's DAX 30 declined 0.23 per cent to 7,327.33 points and in Paris the CAC 40 index shed 0.82 per cent to 3,781.60 points and the Stoxx 50 index of leading eurozone companies lost 0.44 per cent to 2,730.47. - AFP
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