REFILE-European shares slip; focus on earnings, Portugal

(Corrects spelling of focus in headline, changes point to comma
in index level in paragraph 2)

LONDON, Jan 10 (BestGrowthStock) – European shares fell for a second
straight session on Monday, with lingering concerns about the
euro zone debt crisis and the start of the U.S. earnings season
prompting investors to stay cautious.

At 0803 GMT, the FTSEurofirst 300 (.FTEU3: ) index of top
European shares was down 0.3 percent at 1,141.53 points after
falling 0.3 percent on Friday.

“The debt crisis is still a feature in the background. We
did see some disappointment as far as Portugal is concerned in
terms of the rates they are paying. Some other countries will
also be approaching the debt market in the near term,” said
Keith Bowman, equity analyst at Hargreaves Lansdown.

A senior euro zone source said on Sunday pressure was
growing on Portugal from Germany, France and other countries to
seek financial help from the EU and IMF to stop the region’s
debt crisis from spreading.

Investors waited for earnings results from U.S. aluminium
major Alcoa (AA.N: ) late on Monday. Miners were among the top
decliners as copper prices slipped on rising stocks. The STOXX
Europe 600 Basic Materials index (.SXPP: ) fell 0.9 percent, while
Xstrata (XTA.L: ) dropped 1.7 percent.

Danisco (DCO.CO: ) soared 26 percent after U.S. chemicals
group DuPont (DD.N: ) said it would buy the Danish food
ingredients and enzymes firm for $5.8 billion. [ID:nN09219516]

(Reporting by Atul Prakash)