11.11.2008 11:36

European equity bourses are lower Tuesday.


Oil and mining stocks are lower in line with weaker commodity prices amid fears over global recession -- Anglo American, BHP Billiton, Rio Tinto and Xstrata are all lower. Elsewhere, Vodafone is up after it announced 1H EBITDA of stg7.24bln, more or less in line with forecasts, but have lowered FY revenue forecasts to stg38.8-39.7bln. FY profit forecast of stg11-11.5bln remains intact. CAC-40 is down 58pts (-1.66%), Xetra-DAX is down 84pts (-1.66%) and FTSE1-100 is down 49pts (-1.11%).






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