Arab Today, arab today european shares dip early
Last Updated : GMT 02:09:08
Arab Today, arab today
Arab Today, arab today

European shares dip early

Arab Today, arab today

Arab Today, arab today European shares dip early

Paris - SPA

European shares inched lower in early trade on Thursday, halting their week-long rally, with Nestle falling after warning about its sales outlook, Reuters reported. Shares in the food giant dropped 2.0 percent after it said it expected another challenging year, after price pressures in Europe and weaker emerging market demand slowed sales growth in 2013. At 0807 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,323.35 points, retreating for the first time in seven sessions. Banking stocks trimmed recent gains, with BNP Paribas losing 3 percent as it reported a huge drop in quarterly profit after booking a $1.1 billion litigation provision in case it is fined for a breach of U.S. sanctions.

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