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