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European Shares Set to Track US Market Lower

Reuters
Tuesday, 22 Jul 2008 | 1:35 AM ET

European shares were set to fall on Tuesday, financial bookmakers said, tracking losses in U.S. equities after results from American Express and Apple disappointed investors.

Financial spreadbetters expected Britain's FTSE 100 to open down 32 to 34 points, or as much as 0.6 percent, Germany's DAX to trade 45 to 47 points lower, or as much as 0.7 percent, and France's CAC-40 to be 38 to 41 points weaker, or as much as 0.9 percent, at the open.

The pan-European FTSEurofirst index rose 0.5 percent in the previous session.

U.S. stocks slipped on Monday as oil turned higher after a sharp drop the week before and as a raft of companies reported disappointing results.

  Price   Change %Change
ALXN
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AAPL
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