European shares fall on debt yield worries
LONDON (Reuters) – European shares hit new five-week lows on Friday, on mounting worries that borrowing costs in several euro zone countries are at unsustainable levels, and policymakers are not acting to stem the region’s debt crisis. The European Central Bank tried to contain yields by buying bonds. At 0939 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 956.01 points and had dropped to 949.09, its lowest level since October 10 and below its 50-day moving average, a bearish signal. …