Reuters: Financial Services and Real Estate: European shares extend fall; US futures point lower

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

European shares extend fall; US futures point lower May 9th 2012, 11:07 LONDON | Wed May 9, 2012 7:07am EDT LONDON May 9 (Reuters) - European shares extended losses in tandem with weaker U.S. futures at mid-session on Wednesday, with euro zone banks hit by expectations Spanish lenders would face new cash calls and ongoing concerns about the political impasse in Greece. Euro zone banks fell 3.3 percent, led by Spanish lenders after sources said Spain would ask them to make new provisions for their real estate assets. Speculation that Greece could be pushed out of the euro zone also weighed on sentiment as Athens struggled to form a government after Sunday's inconclusive elections. (ID:nL5E8G8FZ4) The pan-European FTSEurofirst 300 index was down 1 percent at 1,007.80 points at 1102 GMT, having traded just over half its 90-day volume average. U.S. futures , meanwhile, were down between 0.6 percent and 0.9 percent.

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