European share prices close lower
20-01-2009
European share prices closed lower,led by Royal Bank of Scotland, which dragged down the European banking sector after it said it would report a 2008 loss of up to 28 billion pounds for 2008. The FTSEurofirst 300 index closed down 1.6 percent.Around Europe, UK's FTSE 100 index dropped 0.9 percent, Germany's DAX index fell 1.2 percent, and France's CAC 40 was down 0.9 percent. US markets will remain closed on Monday for a national holiday.
