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European shares extend 2-week slide on Fed jitters

Posted By kit On December 12, 2013 @ 2:24 pm In Global Crisis | Comments Disabled

Blaise Robinson
Reuters
December 12, 2013

European stocks extended a two-week sell-off on Thursday as investors booked profits, wary that the U.S. Federal Reserve will start winding down its stimulus programme soon.

The FTSEurofirst 300 index of top European shares fell 0.9 percent to 1,244.66 points, a level not seen since mid-October.

The benchmark index – which was up 15 percent on the year at the end of November – has dropped 4.5 percent since then, its biggest decline in six months.

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