RTRS: Europe shares extend losses; banks, commods weigh
LONDON, Nov 12 (Reuters) - European shares extended losses on Wednesday, pressured by commodities stocks that followed weaker crude and metals prices, while banking shares slipped on persistent concerns about a deep global recession.
At 1353 GMT, the FTSEurofirst 300 index of top European shares was down 1.3 percent at 871.78 points after rising as high as 899.97 earlier in the session.
The index has fallen more than 41 percent this year, hit by the credit crisis and resulting economic slowdown.
Energy stocks tracked crude oil prices CLc1, which fell about 1 percent. BP (BP.L: Quote, Profile, Research, Stock Buzz), gas producer BG Group (BG.L: Quote, Profile, Research, Stock Buzz) and Tullow Oil (TLW.L: Quote, Profile, Research, Stock Buzz) shed 1.6-3.7 percent.
Among banks, KBC Groep (KBC.BR: Quote, Profile, Research, Stock Buzz) lost 7.8 percent, while BNP Paribas (BNPP.PA: Quote, Profile, Research, Stock Buzz) was down 6.4 percent.
