European shares stumble on Spanish and Greek worries

martes 26 de mayo de 2015 12:28 GYT
 

* Government defeat in local election impacts Spanish stocks

* Ryanair shares rise after airline's profits surge

* Europe bourses in 2015: link.reuters.com/pap87v

* Asset performance in 2015: link.reuters.com/gap87v

By Sudip Kar-Gupta

LONDON, May 26 (Reuters) - European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index fell 0.8 percent and 1 percent respectively. The FTSEurofirst remains up nearly 20 percent since the start of 2015.

Irish airline Ryanair surged 5.4 percent after posting higher profits. Its rival Aer Lingus also rose after Ireland's prime minister said the government would discuss the sale of its stake in the airline.

However, Spanish banking stocks underperformed.   Continuación...