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European shares turn negative after US data

European shares turn negative on Friday, tracking falls on Wall Street after US April consumer spending data was unexpectedly flat.

world Updated: May 28, 2010 20:42 IST

Reuters
Hindustantimes
         

European shares turn negative on Friday, tracking falls on Wall Street after US April consumer spending data was unexpectedly flat.

The Chicago Purchasing Management index also fell in May from April.

By 1354 GMT, the pan-European FTSEurofirst 300 index of top shares was down 0.2 per cent at 998.53 points after trading as high as 1,007.17 earlier, with banking stocks reversing earlier session gains overshadowing rises in drugmakers.

First Published: May 28, 2010 20:40 IST

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