Reply #30: European stocks extend losses, slide to 4-week lows [View All]

[Ghost Dog]

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20070607:MTFH14768_2007-06-07_12-30-26_L132363&type=comktNews&rpc=44

LONDON, June 7 (Reuters) - European stocks extended losses to trade at their lowest in about four weeks on Thursday, bruised by a fall in U.S. stock index futures after yields on all Treasuries debt securities rose above 5 percent, triggering valuation worries for equities.

By 1220 GMT, the pan-European FTSEurofirst 300 index <.FTEU3> was 0.9 percent weaker at 1,571.7, after falling as low as 1,569.3, its lowest since May 11. The index has lost as much as 3.5 percent so far this week, whacked by inflation and interest rate worries, but is up 6 percent so far this year.

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