Europe's stock rally pauses as euro steadies

viernes 13 de marzo de 2015 10:56 GYT

* FTSEurofirst 300 down 0.2 pct, slips from seven-year high

* Strong negative correlation between euro, European stocks

* DAX set for longest streak of weekly gains since 1998

* Shares in Eni drop 5.4 pct after dividend cut, capex slashed

By Blaise Robinson and Francesco Canepa

PARIS/LONDON, March 13 (Reuters) - European stocks slipped on Friday, taking a breather from their almost-uninterrupted rally since the start of the year, with energy and mining shares falling along with commodity prices.

Resource-related stocks led the retreat as French oil major Total fell 2.7 percent and global mining company Rio Tinto dropped 1.9 percent.

Shares in Eni sank 5.4 percent after the Italian energy firm cut its dividend, slashed investments and suspended its share buyback programme.

Spain's Sabadell was down 3.5 percent, falling for a second day. A source told Reuters the bank was considering a 1.5 billion-euro capital increase via a share issue to fund a bid for Britain's TSB, which was announced on Thursday.   Continuación...