LONDON Jan 22 European shares edged lower on
Tuesday, keeping within their tight range as investors awaited a
cue from key U.S. earnings releases later in the day before
attempting fresh push towards new 2-year highs.
European indexes struggled for direction ahead of results
from U.S. bellwethers such as Google, IBM and
J&J, which would provide indications on the outlook for
corporates worldwide after a positive start to the U.S. earnings
"Everybody is looking at these numbers," Mark Priest, senior
trader at ETX Capital said.
"The reporting season has been pretty successful in America
and I think that's what helps keeping the market up."
The FTSEurofirst 300 index of top European shares
was 0.1 percent lower at 1,164.84 points at 0811 GMT, slipping
away from a near-two-year high of 1,170.29 hit on Jan. 10.
Britain's FTSE 100, Germany's Dax and
France's Cac all hovered around the gain line.