European shares turn negative as banks fall

LONDON, June 4 (BestGrowthStock) – European shares turned negative
on Friday, with the heavyweight banking sector moving lower, led
by Societe Generale (SOGN.PA: ) on concern about its derivatives
division.

Societe Generale, which declined to comment on market
rumour, fell 6.3 percent. BBVA (BBVA.MC: ) and Credit Agricole
(CAGR.PA: ) fell 5 and 3.8 percent respectively.

At 1109 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.6 percent at 1,011.15 points, down
from the day’s high of 1,026.89.

Stock Market Trading

(Reporting by Brian Gorman)

European shares turn negative as banks fall