European shares give up gains and close near session lows as flash PMI reports show gathering...

|By:, SA News Editor

European shares give up gains and close near session lows as flash PMI reports show gathering momentum to the economic slowdown there (even in Germany). Stoxx 50 -0.4%, Germany -0.8%, France -0.4%, Italy -0.1%, Spain -0.4%, U.K. -1%. The euro takes its steepest fall in awhile, -1.1% to $1.2574.