European Shares Seen Lower, Results Flurry Dominates

European shares were expected to open lower on Thursday as investors settled down to a heavy earnings flurry expected to shed light on how severely a credit crisis and economic slowdown has hit corporates.

Companies ranging from bank Credit Suisse to carmaker Daimler and engineering group ABB update investors.

A relatively subdued oil price below $125 a barrel and trading near 7-week lows is set to offer some support as inflation concerns ebb, and U.S. home sales will provide direction later in the day.

Bookmakers saw Britain's FTSE opening down 13-18 points, Germany's DAX down 8-12 points, and France's CAC down 9-14 points.