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European shares are set to fall on Wednesday, after a slide in the U.S. on Tuesday, on worries that the recession is deepening.
Financial spreadbetters expected Britain's FTSE 100, Germany's DAX and France's CAC to open lower.
U.S. stocks slid within striking distance of the November bear-market low on Tuesday, as grim manufacturing data signaled the recession is worsening and warnings on risks facing European banks underscored the continuing toll of the financial crisis.
French bank Societe Generale has reported a net profit of 87 million euros for the fourth quarter, below analysts' forecasts. The company said it expects the market environment to remain challenging throughout 2009.
On Tuesday, the FTSEurofirst 300 index of top European shares fell 2.5 percent to 765.43 points on Tuesday, its lowest close since Jan.23.
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Data is a real-time snapshot *Data is delayed at least 15 minutes