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3/28/07

Radio New Zealand: European shares fall amid concerns over US economy, Iran

For the complete report from Radio New Zealand News click on this link

European shares fall amid concerns over US economy, Iran

British and European share prices fell on Wednesday after the US Federal Reserve chairman said uncertainty over America's economic outlook had risen, upsetting investors already unnerved by deteriorating relations with Iran.

Worries that tension between US and Iran would lead to a full-scale conflict kept investors on tenterhooks, but boosted oil prices. BP advanced 1.6% percent and Royal Dutch Shell climbed 0.8%, while BG Group notched up 1%.

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