European shares slide to low, euro zone banks lead

LONDON Mon Feb 4, 2013 7:06pm IST

Stocks

   

LONDON (Reuters) - European shares extended early falls to hit an intraday low on Monday, led by euro zone banks after weak results from Commerzbank (CBKG.DE) weighed on the sector.

At 1328 GMT, the pan-European FTSEurofirst 300 .FTEU3 index of leading shares was down 0.9 percent at 1,157.34 points, just off session lows.

Commerzbank was third-top faller across the broader index, down 4.5 percent after it posted a larger than expected quarterly loss.

"We're well overdue a bit of a sell-off... you've also got some very disappointing results from Commerzbank this morning which have basically fed into the banking sector," Michael Hewson, senior markets analyst at CMC Markets, said.

(Reporting by Tricia Wright; editing by Simon Jessop)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Segway in India

Segway in India

Segway’s India business pegs hope on tech-savvy Modi  Full Article 

Cipla Shares

Cipla Shares

Cipla jumps after key generic launch.  Full Article 

Modi in Japan

Modi in Japan

Japan and India agree to boost strategic ties at summit.  Full Article 

Basel III Norms

Basel III Norms

RBI amends Basel III guidelines for banks.  Full Article 

Antitrust Probes

Antitrust Probes

U.S. business lobby says concerned China antitrust probes unfair.  Full Article 

Current Account

Current Account

Balance of payments surplus for third straight quarter.  Full Article 

Book Talk

Book Talk

Reema Abbasi and a glimpse of Pakistan’s Hindu past.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage