European shares led lower by E.ON on profit warning
LONDON Nov 13 (Reuters) - European stocks fell for a fifth straight session on Tuesday, led by German utility E.ON after it issued a profit warning.
Broader market sentiment remained subdued given wrangling on Monday between international lenders over disbursing the next tranche of Greek aid, as the country needs to refinance 5 billion euros of its debt pile by Friday.
"Has there been solution overnight? No, that's the problem," Justin Haque, a broker at Hobart Capital Markets, said. "Where's the 5 billion (euros)? They need it on the 16th."
E.ON led fallers, down nearly 10 percent, after it cut its 2013 outlook late on Monday. Euro zone banks, meanwhile, were down 0.4 percent, while the FTSEurofirst 300 index was down 0.6 percent at 1,088.36 points.
- Tweet this
- Share this
- Digg this
- UPDATE 7-Tennis-Paris Masters men's singles round 3 results
- Kurds' battle for Kobani unites a people divided by borders
- RBS takes 400 million pound forex hit and warns more to come
- British banks buoyed by new rules on risk buffers
- Japan's central bank shocks markets with more easing as inflation slows |