European shares drop in early trade led by banks

European shares dropped in early trade on Thursday, paced by banking shares. UK`s benchmark index, FTSE 100 fell 11 points, or 0.19%, to trade at 5,904.90. French benchmark index, CAC 40 went down 16.58 points, or 0.34%, to trade at 4,895.39. Germany`s benchmark index, DAX dropped 24.40 points, or 0.36%, to trade at 6,753.04