LONDON Jan 15 European shares extended losses
on Tuesday, with a key index falling to a fresh intraday low
after German software company SAP reported revenues
The pan-European FTSEurofirst 300 index was down by
0.4 percent at an intraday low of 1,154.65 points by 1403 GMT.
The STOXX Europe 600 technology sector was the
worst-performing equity sector, falling 2.3 percent as SAP fell
4.5 percent to take the most points off the FTSEurofirst 300
The STOXX Europe 600 technology sector also fell close to a
2013 low of 231.75 points.
"Especially after their main competitor Oracle managed to
beat estimates last month, many had hoped that SAP would follow
suit," said Markus Huber at ETX Capital.