In Europe: European shares extend losses in choppy trading

28 June 2012


Be careful what you wish for! European stocks retreat as hopes for shared debt liability are dashed (for now).

European shares extended losses on Thursday after a press report that Germany would move sooner than expected towards shared debt liability was denied by a finance ministry spokesman.

The FTSEurofirst 300 index of top European shares was down 0.8 percent at 992.09 points at 1159 GMT after falling to a low of 989.17 earlier in the session.

The earlier report, on the Wall Street Journal website, had initially prompted stock markets to pare losses.

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