European shares slip amid report of stock market crash warning

0 Comments | AFP, June, 2008

LONDON (AFP) — European equities fell Wednesday after sharp overnight US losses as sentiment was also hit by a report that a Royal Bank of Scotland analyst had warned of a global market crash.

In late morning trading, London's FTSE 100 index of leading shares slid 1.53 percent to 5,772.50 points.

The Paris CAC 40 index sank 1.23 percent to 4,628.50 points and Frankfurt's DAX 30 index shed 0.67 percent to 6,750.31 near the mid-way point.

The Euro Stoxx 50 index of top eurozone shares lost 0.98 percent to 3,520.59 points.

The European single currency stood at 1.5485 dollars.

Wall Street tumbled Tuesday as data showing inflation heating up and housing still fragile offset surprisingly good earnings from investment bank Goldman Sachs.

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