EU shares log biggest monthly drop in 8 months

London Eupropean share sharply fell on Friday with a key index recording its biggest monthly decline in eight months as financial stocks lost heavily on mixed US economic data a day after better than expected GDP numbers. The pan European FTS Eurofirst 300 index of top shares provisinally closed down 2.3% at 974.45 points.

The index, which is up more than 51% from its lifetime low in early March, fell 2.3% in October. The index had gained in the previous three months.