European shares edge lower

LONDON (MarketWatch) — European shares traded flat-to-lower on Thursday morning as autos lost ground amid another uptick in crude-oil prices. Financials also struggled, with shares of French lender Natixis down 4.9% after the firm posted a near-1 billion euro quarterly loss after taking a 1.5 billion asset write down. The French CAC-40 index lost 0.2% to 4,364.85, the German DAX 30 index fell 0.4% to 6,299.02 and the U.K. FTSE 100 index declined 0.2% to 5,514.90.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by Forextvblog

This entry was posted on Thursday, August 28th, 2008 at 1:07 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.