- Sun to Set on Commodities Super-Cycle: Morgan Stanley
- Crisis-Battered Greek Banks Set for Weak Quarter
- Romney Clinches Republican 2012 Nomination in Texas
- Spain to Go to Market to Fund Banks, Regions
- Home Prices Hit Fresh Lows, But 'We See Signs of Hope'
- JPMorgan Dragged Into Japan Insider Trading Probe
- Cramer's Top Dividend Plays
- Manufacturing May Be Poised for a Quantum Leap
- Why June Could Be a Turning Point for Markets
- PB&J, Mac & Cheese Step Out From Kids-Fare Shadow
- Ackman: JCPenney Sales Have Hit 'Bottom'
- Goldman Investment Shines Light on Solar Power
- Facebook Options Soar on First Day
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Auto Sales to Really Take Off This Summer?
- JPMorgan Debacle Points to Regulatory Incompetence, Corruption
- Are You Ready for Facebook Options?
- Option Bulls Dig Into Ivanhoe Near Lows
MOST SHARED
- Euro Hits 2-Year Low on Spain Debt Woes
- Romney Clinches Republican 2012 Nomination in Texas
- Australia Retail Sales Fall in April, Construction Up
- Asia’s Message to Europe: Bite the Bullet and Implement Reforms
- Home Prices Hit Lows, But 'We See Signs of Hope'
- Crude Flat, After Slipping on Spain Downgrade
- Crisis-Battered Greek Banks Set for Weak Quarter
- JPMorgan Implicated in Japan's Insider Trading Probe
- Advanced Manufacturing Could Spark Next Industrial Revolution
- Stocks to Watch: RIMM, LULU, DAL & More
MOST POPULAR
HOT ON FACEBOOK
FTSE, DAX, CAC Seen Lower; Focus on Banks
Text Size 
European shares are seen opening slightly lower Thursday as worries about stagnating euro zone growth stoked fears of another recession.
 |
Martin Oeser | AFP | Getty Images Traders sit in front of their screens at the stock exchange in Frankfurt/Munich, western Germany. |
Rising oil prices added to concerns over global growth, with analysts fearing they could disrupt a fragile economic recovery.
The FTSE 100 [.FTSE
Loading...
()
] was seen lower by 8 points, the DAX [.GDAXI
Loading...
()
] lower by 4 points and the CAC 40 [.FCHI
Loading...
()
] down 5 points.
The United States, ahead of a G20 meeting in Mexico, has voiced concerns that while Europe appears to be gaining ground on its sovereign debt crisis it must put up a convincing financial firewall against the risk of contagion.
Reports suggest Germany will resist any attempts to increase the firewall fund.
French bank Credit Agricole reported a bigger-than-expected quarterly net loss of 3.07 billion euros ($4.06 billion) before the open of trade in Europe on Thursday.
Franco-Belgian bank Dexia reported a loss of 11.6 billion euros ($15.4 billion) for 2011 due to hits from its carve up and to its exposure to Greek debt and other toxic assets.
The Royal Bank of Scotland [RBS-LN
Loading...
()
] reported a pre-tax loss of 766 million pounds ($1.2 billion) for 2011 but controversially will continue to pay 390 million pounds in bonuses it described as "variable compensation".
In the U.S., a district judge ruled that both BP and Anadarko are liable for civil damages over the Gulf of Mexico oil spill in 2010 relieving some of the pressure on Transocean.
The ruling exposes both BP and Anadarko to billions of dollars in potential fines as it will allow the US government to pursue civil penalties at a trial scheduled to begin later this month.
Elsewhere in the U.S. the latest Republican presidential race debate saw rivals heavily criticize surprise front runner Rick Santorum.
Mitt Romney, who has lost out to his rival in recent primaries was consistent in his criticism of Santorum.
- Companies that establish sustainable principles are positioned for long-term success, says this blogger.
- Advanced manufacturing is about customization, high-precision and performance. And it’s everywhere.
- Many veterans are turning to franchising as a way to make a living once they are out of the military.
- Have you ever wished you could just quit your job and follow your dream? These people have.
- Emerging-market bulls should look to Brazil, South Africa and Russia, as well as Thailand and South Korea.
- Some beers are better than others. An annual competition chose the ones that are the best.
Data is a real-time snapshot *Data is delayed at least 15 minutes
