European shares reverse early gains as banks drop

PARIS Fri Nov 16, 2012 9:18am GMT

PARIS Nov 16 (Reuters) - European stocks pared early gains and turned negative on Friday, led by banking shares, as simmering worries about the euro zone debt crisis and U.S. fiscal policy outlook rattled investors.

At 0912 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,076.50 points.

Commerzbank, down 2.5 percent, was among the top fallers in a 1 percent weaker euro zone banks index.

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.