European shares slide to low, euro zone banks lead
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)
- Tweet this
- Share this
- Digg this
- IPhone emerges from "bygone era", reviewers hail bigger handset
- Alibaba in talks with Snapdeal to enter India - Economic Times
- Mars mission enters last lap; crucial test on Sept. 24
- After Obama speech, Islamic State wins new recruits in Syria - monitor
- Google launches $105 Android One; eyes low-price smartphone boom
The United States said on Wednesday it will press Prime Minister Narendra Modi to end his blockage of a global trade pact when he visits Washington this month, something that could dampen the mood of a trip aimed at revitalizing strategic ties. Full Article
China cenbank injects $81 bln into major banks to support economy - reports Full Article