European shares hit their lowest level in six years when the markets closed Monday with a retreat by the banks, reports that a U.S. financial titan Citigroup is in talks to give Washington a greater share, while shares of auto companies came under pressure due to the continued decline of the greatest fears of the application.
The FTS Euro first 300 index of top European shares was 0.7% of its value to close at 730.73 points. The index decreased by 12% from the beginning of this year after falling 45% in 2008.
Several banks to decline sharply with the decline in shares of UPS 9%, Deutsche Bank, more than 5% and 12% Dexia.
In the automotive sector were shares of auto companies, the largest decline in trading today, wiping up the BMW and DaimlerChrysler and Porsche, Volkswagen, Peugeot, Renault and mortality between 3.8% and 10%.
Across Europe, the main DAX index ended at the Frankfurt Stock Exchange in Germany on Monday trading at 3936.45 points, down on the level of four thousand points for the first time in four years.
The index fell 100 British Financial Times on the London Stock Exchange by 0.8%. While the CAC 40 index fell in the Paris Bourse was up 0.5%
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