Europe stocks extend losses as banks, miners fall

Wed Nov 19, 2008 4:04am EST
 
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LONDON, Nov 19 (Reuters) - European shares extended falls in early trade on Wednesday, led by banks and miners, as worries about a deep recession continued to rattle investors.

At 0900 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 1.1 percent at 836.29 points, having fallen as low as 834.23.

The index rose nearly 1 percent on Tuesday but has lost more than 44 percent this year, battered by a credit crisis and impending or actual recession in several developed economies.

BNP Paribas (BNPP.PA), Barclays (BARC.L), Commerzbank (CBKG.DE), Deutsche Bank DBGKn.DE and UBS UBS.AG fell 3.8 to 4.5 percent.

Across Europe, Britain's FTSE 100 .FTSE, Germany's DAX .GDAXI and France's CAC-40 .FCHI fell 0.8 to 1.7 percent.

Among miners, Anglo American, Rio Tinto (RIO.L), Vedanta Resources (VED.L), Lonmin (LMI.L) and Xstrata (XTA.L) fell 3.6 to 6.7 percent.

Vodafone (VOD.L) and HSBC (HSBA.L) fell 4 and 3.8 percent respectively on going ex-dividend. (Reporting by Brian Gorman)

 
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