Economic Calendar

Thursday, July 24, 2008

Europe shares extend losses, tracking U.S. futures

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FRANKFURT, July 24 (Reuters) - European shares extended losses in early afternoon trading on Thursday, tracking weaker Wall Street stock index futures.

At 1113 GMT, the FTSEurofirst 300 index was 1.2 percent lower at 1,175.01 points.

Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) was the leading loser, down more than 11 percent on disappointment with the German car maker's outlook unveiled together with quarterly earnings broadly in line with market expectations.

Heavyweight energy shares fell as the price of crude oil held below $125 a barrel.


Shares in Credit Suisse (CSGN.VX: Quote, Profile, Research, Stock Buzz) climbed more than 5 percent after the Swiss bank's quarterly earnings beat market consensus.

Futures NDc1 SPc1 NDc1 on benchmark U.S. equity indexes .DJI .SPX .IXIC eased to trade between 0.4 percent lower and 0.1 percent higher by 1113 GMT. (Reporting by Peter Starck)




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