European shares turn negative, growth concerns weigh

LONDON Fri Nov 9, 2012 8:47am GMT

LONDON Nov 9 (Reuters) - European shares turned negative on Friday, led lower by growth-linked stocks as mounting concerns about a U.S fiscal crisis that could threaten growth in the world's biggest economy continued to weigh on sentiment.

Adding to that gloom were worries about Greece as it inches towards securing its next tranche of international aid.

At 0840 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,096.74 points, recording a third straight day of losses.

European insurers fell 0.9 percent, while miners fell 0.7 percent.

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.