Euroshares close down, oil soars to $126, Wall St lower on fresh credit woes

LONDON (Thomson Financial) - Europe's leading exchanges ended with losses on Friday, as the price of oil hit a new all-time high above $126, and following unsettling announcements from U.S. giants AIG and Citigroup. The DJ STOXX 50 closed 47.30 points or 1.44 percent lower at 3,228.33, and around 2 percent lower over the week, while the DJ STOXX 600 fell 4.42 points or 1.34 percent to 324.86. The index lost some 1.3 percent over the past seven days. On the other side of the Atlantic, the DJIA was down 109.50 points or 0.85 percent to 12,757.28 around the time of the London close, while the S&P 500 fell 10.42 points or 0.75 percent to 1,387.26. [e-mail] pk/jlc COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved.

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