Europe shares briefly turn negative; miners up

(Corrects to remove superfluous apostrophe and move attribution
in third paragraph)

LONDON, March 8 (BestGrowthStock) – European shares turned briefly
negative in early trade on Monday as drugmakers weighed, but
gains in miners supported as metal prices rose.

By 0857 GMT, the pan-European FTSEurofirst 300 (.FTEU3: )
index of top shares was up 0.1 percent at 1,055.30 points after
earlier being as low as 1,053.75.

Drugmakers fell. AstraZeneca (AZN.L: ) dropped 1.1 percent
after the company said its cancer drug Recentin failed in a head
to head late stage trial with Roche’s (ROG.VX: ) Avastin on
colorectal cancer patients.

Miners were higher as metal prices rose. Anglo American
(AAL.L: ), BHP Billiton (BLT.L: ) and Rio Tinto (RIO.L: ) were up 1 to
1.2 percent.

Stock Market Analysis

(Reporting by Joanne Frearson)

Europe shares briefly turn negative; miners up