Europe shares fall as ECB starts buying bonds

lunes 9 de marzo de 2015 05:34 GYT
 

* FTSEurofirst 300 down 0.5 pct, slips from 7-year high

* German exports fall by far more than expected

* EDF dips again on worries over potential tie-up with Areva

By Blaise Robinson

PARIS, March 9 (Reuters) - European shares fell on Monday, tracking a sell-off on Wall Street after strong U.S. jobs data fanned expectations that the Federal Reserve may raise interest rates sooner than previously thought.

Greek banking shares were among the biggest losers, with Bank of Piraeus down 4.9 percent and National Bank of Greece 4.7 percent lower ahead of a meeting of euro zone finance ministers to discuss reforms pledged by Athens.

The chair of the meeting, Jeroen Dijsselbloem, said the proposals, set out in a letter last week, were not enough to unlock further aid.

Also weighing on sentiment, data showed German exports in January fell by the largest amount since August, dropping far more than expected and raising worries over the outlook for Europe's biggest economy.

At 0913 GMT, the FTSEurofirst 300 index of top European shares was down 0.5 percent at 1,562.73 points. The S&P 500 lost 1.4 percent on Friday and posted a weekly loss for a second straight week.   Continuación...