Futures point to weaker open for European shares

by mani on September 1, 2010

Aug 31 (Reuters) – European shares were set to fall on Tuesday, after declines in Asia and on Wall Street, as worries about the slowing pace of economic recovery resurfaced.

At 0603 GMT, STOXX Europe 50 STXEc1 futures were down 1.4 percent, Germany’s DAX futures FDXc1 were down 1.1 percent and France’s CAC-40 futures FCEc1 were down 1.2 percent.

U.S. stocks fell in the year’s lightest volume on Monday as concerns about the recovery overshadowed data showing a rise in consumer spending and income.

Tokyo stocks .N225 closed 3.6 percent lower on Tuesday, erasing two days of gains after the Bank of Japan’s emergency Monday move failed to curb strength in the yen.

(Reporting by Brian Gorman)

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