Reply #33: European stocks fall; oils slip, banks trim gains [View All]

http://today.reuters.co.uk/news/articleinvesting.aspx?type=eurMktRpt&storyID=2007-11-27T131328Z_01_L27680908_RTRIDST_0_MARKETS-EUROPE-STOCKS-FALL-URGENT.XML

PARIS, Nov 27 (Reuters) - European stocks extended losses on Tuesday afternoon as oil shares tracked crude prices lower and banks trimmed gains made after Barclays (BARC.L: Quote, Profile , Research) reassured investors on its outlook.

At 1311 GMT, the FTSEurofirst 300 <.FTEU3> index of top European shares was down 1.2 percent at 1,450.66 points, with techs and miners also prominent losers.

Oil groups fell, with BP (BP.L: Quote, Profile , Research) down 0.4 percent, Total (TOTF.PA: Quote, Profile , Research) down 1.2 percent and Royal Dutch Shell (RDSa.L: Quote, Profile , Research) down 1.2 percent. Crude was trading 2 percent lower at $95.54 a barrel.

After rallying in early trade, the DJ Stoxx European bank index <.SX7P> fell back in the red, down 0.2 percent, though Barclays was still up 2.6 percent.

Miners moved lower, along with metal prices. Xstrata (XTA.L: Quote, Profile , Research) lost 1 percent, while Anglo American (AAL.L: Quote, Profile , Research) dropped 2.7 percent.

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