European shares sink further From correspondents in London January 10, 2007
EUROPEAN stock markets fell as hefty losses in Asia added to disappointment after an uninspiring Wall Street performance overnight, dealers said. London's FTSE 100 index of leading shares dropped 0.72 per cent to 6151.40 points, in Frankfurt the DAX 30 index shed 0.98 per cent to 6548.13 points and the Paris CAC 40 lost 0.81 per cent in value to 5488.46 points.
The DJ Euro Stoxx 50 index of eurozone blue chip shares declined 1.02 per cent to 4087.39 points.
The euro stood at $US1.2998.
In European trading, Nokia, the world's leading mobile phone provider, saw its share price dive 1.94 per cent to 14.67 euros in Helsinki.
And Swedish peer Ericsson fell 1.42 per cent to 27.85 Swedish kronor.
The two companies have been hit hard by overnight news that Apple Computers has unveiled a new mobile phone - the iPhone - that could steal a significant share of the handset market.
In London, energy giants BP and Royal Dutch Shell were pulled down by weakness in oil prices, which remain close to 19-month lows on weak demand.
BP was showing a loss of 1.03 per cent at 530 pence while French peer Total was down 0.96 per cent at 51.35 euros.
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