Euro Shares to Fall after Bhutto Killing

European equities were seen dropping on Friday, retreating for the first time in five sessions on renewed worries over the crisis in the credit market as well as on geopolitical concerns following the assassination of Pakistani opposition leader Benazir Bhutto.

stocks_02.jpg

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open between 21 and 24 points lower, the German DAX 39 to 43 points lower and the French CAC-40 15 to 22 points lower.

Weak U.S. durable goods data also fueled worries over the outlook for the world's biggest economy.

A Goldman Sachs analyst said on Thursday Citigroup, Merrill Lynch and JPMorgan Chase may face larger fourth-quarter debt write-offs than previously expected, while Citigroup may also need to cut its dividend.