RTRS: Europe shares turn red as oil falls, US rally fades
LONDON, Oct 30 (Reuters) - European shares turned negative in late afternoon trade on Thursday, with oil shares weighing on the market as crude fell further and banks trimming gains as a U.S. rally lost steam.
At 1558 GMT the pan-European FTSEurofirst 300 index was down 0.3 percent at 894.04 points, falling back from a day's high of 922.56 points. Major U.S. stock indexes gave up strong early gains to trade only slightly higher.
Oil majors Royal Dutch Shell RDSa.L, BP (BP.L: Quote, Profile, Research, Stock Buzz) and Total TOTF.PA, among the biggest individual negative weights in Europe, fell between 4 and 7 percent as crude fell 4.6 percent towards $64 a barrel.
Among banks, Deutsche Bank (DBKGn.DE: Quote, Profile, Research, Stock Buzz) added 13.5 percent after posting results that were not as poor as the market had expected. (Reporting by Rebekah Curtis)
