Major euro zone share indexes fall after mixed PMI data

jueves 21 de mayo de 2015 10:21 GYT
 

* FTSEurofirst 300 steady

* German DAX down after PMIs miss expectations

* Monte dei Paschi leads Italy lower

* German-listed Joyou slumps more than 80 percent (Adds quote, detail, fresh prices)

By Alistair Smout and Lionel Laurent

LONDON, May 21 (Reuters) - Most top European share indexes fell on Thursday after data pointed to a mixed picture for the euro zone's economic recovery, with German private-sector growth slowing again in May even as France extended a timid recovery.

Germany's DAX was down 0.2 percent after Markit's flash composite Purchasing Managers' Index (PMI) for Europe's largest economy showed a drop in May.

The German index had been the stand-out underperformer in early trade. However, the fact that the PMI at 52.8 remained comfortably above the 50 that marks expansion helped to soothe investors

"It's no real surprise that Germany slightly missed expectations. The important thing is that they're still well above the 50 mark, so it doesn't show a substantial contraction in growth," James Butterfill, global equity strategist at Coutts, said.   Continuación...