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European shares mostly weaker at start as banks weigh

LONDON (MarketWatch) — European shares traded flat-to-lower on Thursday, as banks lost more ground. In the sector, UBS shares fell 1.6% after Swiss rival Credit Suisse cut its stance on the lender to neutral from outperform. Elsewhere, shares in Airbus parent EADS dropped 3.4% after a surprise U.S. ruling that could give rival Boeing another shot at a $40 billion tanker deal that was awarded to an EADS consortium earlier in the year. The U.K. FTSE 100 index traded flat at 5,757.00, the German DAX 30 index lost 0.4% to 6,701.24 and the French CAC-40 index declined 0.3% to 4,606.84.
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Original post by Forextvblog

This entry was posted on Thursday, June 19th, 2008 at 12:07 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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