Europe shares fall; oils weigh after Chevron news

Fri Jul 10, 2009 9:43am BST
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* FTSEurofirst 300 down 0.1 pct, after 0.8 pct gain on Thu

* Oil, gas producers take most points off the index

* Eyes on U.S. macroeconomic data later in the day

* For up-to-the-minute market news, click on [STXNEWS/EU]

By Christoph Steitz

FRANKFURT, July 10 (Reuters) - European shares fell on Friday, with oil producers leading the losers following negative statements from Chevron (CVX.N: Quote, Profile, Research), the second-largest U.S. oil company, that refuelled fears about company earnings.

At 0818 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 822.56 points after gaining 0.8 percent on Thursday. The pan-European index has fallen 7.6 percent since June 10 after rallying 38 percent from a record low hit on March 9.

"There is a lack of impulse, full stop," said Giuseppe-Guido Amato, strategist at brokerage Lang & Schwarz in Germany.  Continued...

 
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