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Euro Shares Fall for 5th Day, Banks Drag
By: Reuters | 08 Jul 2009 | 11:47 AM ET
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European shares fell for the fifth straight session on Wednesday to their lowest closing level in 10 weeks, as investors faced further signs that the pace of economic recovery will not be fast.

Major European Indexes
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The FTSEurofirst 300 index of top European shares unofficially closed 1.3 percent lower at 815.99 points. The fifth consecutive drop also marked the index's longest losing streak since mid-January.

Financials were among the standout losers, with HSBC Banco Santander, UBS, BNP Paribas, Aviva, KBC Groep, Legal & General and AXA off 2.3 percent to 9 percent.

Oil producers and carmakers were other standout losers. BP lost 0.6 percent and Royal Dutch Shell slipped 0.7 percent.

Among car makers, Renault dropped 7.5 percent and Peugeot shed 5.1 percent.

Across Europe, Britain's FTSE 100 slipped 1.1 percent, Germany's DAX lost 0.6 percent and France's CAC 40 eased 1.3 percent.

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