European stocks slip amid high oil prices

0 Comments | AFP, May, 2008

LONDON (AFP) — Europe's main stocks market slid on Tuesday as oil prices rallied towards record highs and investors awaited the return of action on Wall Street following a long holiday weekend in the United States.

London's FTSE 100 index of leading shares, which was also shut Monday because of a public holiday in Britain, eased 0.07 percent to 6,083.00 points in midday trade on Tuesday.

Frankfurt's DAX 30 fell 0.42 percent to 6,922.12 points and in Paris the CAC 40 index shed 0.73 percent to 4,901.79 nearing the half-way mark.

The Euro Stoxx 50 index of top eurozone shares declined by 0.59 percent to 3,702.96 points.

"The session has been choppy so far," said Victoria Savage, a trader at CMC Markets.

"Following on from decent gains overnight...