LONDON, June 24 (Reuters) - European shares gave up gains to turn negative early on Tuesday as weaker auto and utility stocks more than offset gains in oil shares that tracked crude higher.
At 0824 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 percent at 1,221.52 points after earlier rising to as high as 1,229.08.
Auto stocks fell, led lower by the stronger euro and concerns about the U.S. market. BMW fell 1.8 percent, Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) lost 2.5 percent and Fiat slipped 4 percent.
BP , Shell and Total gained 0.8-1.0 percent as crude rose more than $1 a barrel to around $138.
(Reporting by Sitaraman Shankar)
Tuesday, June 24, 2008
European shares turn negative, autos weigh
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