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European Shares Seen Tracking Wall Street Losses

European stocks were seen retreating on Friday, following a sell-off on Wall Street overnight on AIG's big losses and Wal-Mart'scautious sales forecast, but weakness in the euro could support shares of exporters such as industrials and automakers.

Financial bookmakers, or spread betters, in London expected Britain's FTSE 100 index to open 20 points lower, the German DAX 11 to 15 points lower, and the French CAC 40 18 to 19 points lower.

Among company results in focus investors are expected to keep a keen eye on Royal Bank of Scotland.

"Although they are expected to post a significant loss, with this already factored into the share price any positive sentiments regarding the outlook could be well received by the market," Paul Webb, Chief Dealer at CMC Markets, wrote in a note.