22.10.2008 15:48

European equity bourses are in the red Wednesday mid-morning session with consumer sector leading decliners, amid global recession worries.


Oil and metals are also lower on back of decline in commodity prices, with ConnocoPhillips lower ahead of earnings report today. Also due to report in US is Amazon.com, AT&T, Boeing Company, McDonald's, Merck & Co,Northern Trust, Philip Morris International, Travelers Companies and Wachovia amongst the biggest names to report. CAC-40 is down 107pts (-3.06%), Xetra-DAX is down 162pts (-3.37%) and FTSE-100 is down 132pts (-3.11%).






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