European shares dented by U.S. data, euro bounce

viernes 15 de mayo de 2015 11:18 GYT
 

* Currency moves squeeze export-focused stocks

* Pressure offsets calmer bond-market conditions

* Second week of outflows for European equity funds - BoAML

* Roche rallies after positive drug trial results

* Too early to fight against bull market - Citi

By Sudip Kar-Gupta

LONDON, May 15 (Reuters) - A resurgent euro in the wake of weak U.S. data hit European stocks on Friday, even as bond markets stabilised after a recent rollercoaster sell-off.

The pan-European FTSEurofirst 300 index was down 0.7 percent by 1426 GMT - with export-focused German stocks among the hardest hit - after the euro hit a session high against the dollar. U.S. consumer sentiment fell more than expected in May, a survey showed.

Shares in oil-and-gas companies Technip and Statoil were down about 3 percent as oil prices fell below $66 per barrel.   Continuación...