European stock markets lower before rate calls
AFP, May, 2008
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LONDON (AFP) — Europe's main stock markets declined Thursday ahead of interest-rate decisions in Britain and the eurozone and after losses in Asia and on Wall Street overnight as sentiment was hit by record-high oil prices, dealers said.
In late morning trade, London's FTSE 100 index of top companies was down 0.18 percent to 6,249.60 points.
Frankfurt's DAX 30 dropped 0.41 percent to 7,047.16 points and in Paris the CAC 40 shed 0.27 percent to 5,061.47 near the half-way mark.
The Euro Stoxx 50 index of leading eurozone shares fell 0.47 percent to 3,853.50 points.
The European single currency stood at 1.5352 dollars.
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Investors were gearing up for rate decisions in the eurozone and Britain, with the European Central Bank and Bank of England both expected to keep borrowing costs unchanged. ...
