European Shares Head Lower

Reuters

European shares turned negative on Friday morning, giving up a little of the strong gains of the previous session, and with Italian stocks lower after a bond auction.

At 1031 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,017.70 points, after earlier being as high as 1,028.48.

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The Italian benchmark was down 2 percent after demand at a bond auction was weak.

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