European shares dip after ECB rally; Russia-exposed stocks rise

viernes 5 de septiembre de 2014 12:34 GYT
 

(Updates prices at settle)

* FTSEurofirst 300 down 0.4 pct, dips from 6-1/2 yr high

* Index posts fourth weekly gain in a row

* Russia-exposed shares outperform as ceasefire is agreed

By Francesco Canepa

LONDON, Sept 5 (Reuters) - European stocks dipped on Friday as traders cashed in on a brisk rally over the past month, fuelled by expectations of fresh stimulus measures by the European Central Bank.

The FTSEurofirst 300 index of top European shares closed 0.4 percent lower at 1,396.02 points, retreating from a 6-1/2 year high hit in the previous session, when the ECB cut rates and announced a new stimulus plan.

Shares exposed to Russia outperformed, however, as representatives of Ukraine, the pro-Russian separatist leadership, Russia and the OSCE security watchdog agreed on a ceasefire.

BP, which owns 20 percent of Russia's largest oil producer Rosneft, rose 2.6 percent.   Continuación...