Reply #42: Bourses mirror weak US stocks

[Ghost Dog]

http://mwprices.ft.com/custom/ft2-com/html-story.asp?dateid=39134.4957638889-890058155&guid={505EC99B-A594-4E32-A7DC-F63F345FBDB5}

European bourses closed weaker on Wednesday as US stocks fell on fears there could be a rate rise following higher than expected US inflation data. In corporate news, Capitalia, the Italian bank in which ABN holds an 8.6 per cent stake, was down 1.7 per cent at €6.60 following heightened expectations that chief executive Matteo Arpe will be ousted at Thursday’s board meeting. Metrovacesa, the Spanish property group, fell 10.1 per cent to €106 as its shares returned from suspension after the company announced a split involving its French unit Gecina. Numico, the Dutch food group, fell 3.3 per cent to €39.91 after delivering in line full-year profits, but disappointing on its 2007 outlook. By the close, the FTSE Eurofirst 300 was down 0.6 per cent to 1,535.51, while Frankfurt’s Xetra Dax lost 0.6 per cent to 6,941.66, the CAC 40 in Paris shed 0.3 per cent to 5,694.56 and London’s FTSE 100 fell 0.9 per cent to 6,357.1.