PARIS Feb 13 European shares opened slightly
lower on Wednesday, near the top of a six-day trading range,
with Societe Generale sinking 4 percent after the bank
unveiled a bigger-than-expected quarterly loss.
At 0820 GMT, the FTSEurofirst 300 index of top
European shares was down 0.1 percent at 1,160.59 points. The
intraday high since Feb. 5 is 1,162.77 points.
"We're in a lull right now, we've ran out of positive
catalysts and the great rotation out of fixed income and into
equities hasn't really started," said David Thebault, head of
quantitative sales trading, at Global Equities.
"I've stopped buying stocks for now, although I'm getting
ready to buy call spreads to capture the rise when the market
resumes its rally."