Tuesday, August 26, 2008

European Shares Move Lower


European shares traded lower on Tuesday with financials under pressure again and miners also firmly in the red. In earnings news, Rio Tinto shares fell 0.5%. The firm's first-half net profit more than doubled to $6.91 billion. The German DAX 30 index lost 0.4% to 6,270.17 and the French CAC-40 index lost 0.5% to 4,332.84. The U.K. FTSE 100 index dropped 1.4% to 5,426.80 on the first day of trading after a three-day weekend.

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