European shares sag on bond market and foreign exchange jitters

jueves 14 de mayo de 2015 07:14 GYT

* FTSEurofirst 300 down 0.2 pct, DAX slips 0.1 pct

* Public holiday in much of Europe but markets open

* Rise in yields and euro currency weigh on equities

* Europe bourses in 2015: (Adds detail, updates prices)

By Sudip Kar-Gupta and Alistair Smout

LONDON/E DIN BURGH, May 14 (Reuters) - European shares extended a losing streak on Thursday as bond market jitters and a rebound in the euro, whose weakness has benefited 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. The market turned volatile on signs bond yields and the currency were rebounding.

The pan-European FTSEurofirst 300 index was down by 0.2 percent at 1,566.99 points by 1030 GMT. The FTSEurofirst lost ground in the previous two sessions, although it remains up around 14 percent since the start of 2015.

Germany's DAX, which hit a record high last month, fell 0.1 percent. France's CAC declined by 0.2 percent. A public holiday across much of Europe was expected to keep trading volumes subdued.   Continuación...