European shares sag on bond market and foreign exchange jitters

jueves 14 de mayo de 2015 04:10 GYT

* FTSEurofirst 300 down 0.4 pct, DAX slips 0.2 pct

* Public holiday in much of Europe but markets open

* Rise in yields and euro currency weigh on equities

* Europe bourses in 2015:

By Sudip Kar-Gupta

LONDON, May 14 (Reuters) - European shares extended a losing streak on Thursday as bond market jitters and a rebound in the euro currency, whose weakness has benefited many European exporters, weighed on stocks.

Record low interest rates and government bond purchases by the European Central Bank (ECB) have kept a lid on the euro and buoyed European stocks, but signs of a rebound in the currency and on bond yields have caused volatile market movements.

The pan-European FTSEurofirst 300 index was down by 0.4 percent at 1,563.16 points in early session trading. The FTSEurofirst lost ground in the previous two sessions, although it remains up by around 14 percent since the start of 2015.

Germany's DAX, which hit a record high last month, also fell 0.2 percent while France's CAC declined by 0.5 percent. Trading volumes were expected to be subdued due to a public holiday across much of Europe.   Continuación...