EU shares take negative turn

EU shares take negative turn
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Summary European shares turned negative in thin, volatile trade on Wednesday, tracking a fall on US indexes.

US single-family home sales dropped by the most in more than a year to all-time low and revenues from Apple disappointed as a sagging European economy and a pause in iPhone sales ahead of a new version saw revenues slip from the previous quarter.US new home sales printed as the lowest on record, UK and German data were weak and the euro zone debt drama remains, Ishaq Siddiqi, a market strategist at ETX Capital said.The push up earlier on ... could never be sustainableThe pan-European FTSEurofirst 300 index was down 0.3 percent at 1,016.07 points at 1500 GMT, after hitting a morning high of 1,023.74 points.
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