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Europe shares fall; banks, electricity stocks weigh

Europe shares fall; banks, electricity stocks weigh
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First Published: Tue, Jan 13 2009. 03 51 PM IST
Updated: Tue, Jan 13 2009. 03 51 PM IST
London: European shares fell more than 2% in morning trade on Tuesday, led lower by banks and electricity stocks, as investors traded cautiously in the fourth-quarter earnings reporting season.
At 0934 GMT, the FTSEurofirst index of top European shares was down 1.9% at 837.28 points after falling as low as 835.05 points. It closed 1.6% lower in the previous trading session and lost 45% in 2008.
Barclays fell 8.3%, UBS lost 5.2% and Royal Bank of Scotland slipped 4.7%.
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First Published: Tue, Jan 13 2009. 03 51 PM IST
More Topics: Markets | Europe | Stocks | Shares | Barclays |