LONDON Dec 5 European shares briefly dipped
into the red on Wednesday, with traders citing further signs of
a stalemate in talks to avert the U.S. "fiscal cliff" of tax
hikes and spending cuts.
The FTSEurofirst 300 index was trading flat at
1,121.58 points by 1609 GMT after falling to a low of 1,120.17
and hitting a high of 1,126.26 earlier in the session, while on
Wall Street, the Dow Jones Industrial average shed 0.1
The Nasdaq Composite Index was 0.9 percent lower,
pressured by an unexpected decline of nearly 4 percent in shares
Republican leaders in the U.S. House of Representatives on
Wednesday said talks with President Barack Obama to resolve the
fiscal cliff are deadlocked, and they demanded a meeting with
the president to move the negotiations forward.
"There's no agreement. That is going to filter through,
cause negative sentiment and a bit of selling," Angus Campbell,
head of market analysis at Capital Spreads, said.