European shares little changed, banks down

LONDON, April 22 (BestGrowthStock) – European shares were little
changed in early trade on Thursday after falling in the previous
session, as persistent concerns about Greece’s debt crisis
prompted investors to stay on the sidelines.

At 0708 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was almost unchanged at 1,096.46 points after
falling 0.7 percent in the previous session. The index is up 70
percent since hitting a record low in early March last year.

Financial stocks were among the top losers, with Barclays
(BARC.L: ), Royal Bank of Scotland (RBS.L: ), BNP Paribas (BNPP.PA: ),
Societe Generale (SOGN.PA: ) and UBS (UBSN.VX: ) down 0.6 to 0.8
percent.

Credit Suisse (CSGN.VX: ) fell 3.9 percent after announcing
results. [ID:nLDE63K1ZH]

“We expect no substantial movement on the upside and see
risks to the downside,” said Tammo Greetfeld, equity strategist
at UniCredit.

“The situation in Greece is still worrying and the bond
market is not convinced that the rescue efforts are a done
deal.”

Greece started talks to hammer out details of a potential
European and International Monetary Fund aid deal on Wednesday
but investors dumped Greek assets and the package faced heated
resistance at home and abroad. [ID:nLDE63K0CE]

Nestle (NESN.VX: ), the world’s biggest food group, rose 2.2
percent. It beat forecasts with a 6.5 percent rise in underlying
first-quarter sales and reassured investors by repeating its
full-year growth targets. [ID:nLDE63K1N8]

Stock Market Report

(Reporting by Atul Prakash)

European shares little changed, banks down