European stocks end marginally lower

Date: 30 July 2010, 18:17
 
European shares have ended lower today, while the FTSE 100 also declined in London.
Alt News Text Stocks dipped around Europe
 

Stocks have fallen around Europe during share trading today (July 30th), but the decline was not as great as had been feared earlier in the day.

Reuters reports the pan-European FTSEurofirst 300 was down 0.1 per cent at its provisional close, putting it on 1,046.14 points.

It had earlier slipped to 1,034.35 points following the release of weak US gross domestic product data, which raised concerns regarding the global economic recovery.

BP was down 1.8 per cent as investors raised fresh concerns regarding the affect the Gulf of Mexico oil spill will have on the firm but there was a 0.9 per cent increase for Total, which was boosted by upbeat financial results for the second quarter.

In London, the FTSE 100 finished 55.93 points lower, putting it on 5,258.02 points.

The majority of banks were lower, while only one oil company - BG Group - ended the day in positive territory.

Posted by Adam Howard
 
 
 

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