European shares led lower by Germany after data disappoints

viernes 7 de agosto de 2015 04:09 GYT

* FTSEurofirst 300 down 0.4 percent

* Industrial output of Germany, France disappoints

* U.S. jobs data expected to show healthy hiring increases

* Monte Paschi posts second consecutive quarter of profit

By Alistair Smout

LONDON, Aug 7 (Reuters) - European shares fell in early deals on Friday, weighed down by Germany's top share index after a surprising fall in industrial output, ahead of closely watched U.S. jobs data due later in the session.

Germany's DAX fell 0.5 percent, underperforming a 0.4 percent drop on the broader FTSEurofirst 300, after German industrial output declined and exports fell by more than expected, raising questions about the strength of the recovery in Europe's largest economy.

France's CAC also underperformed the likes of Spain's IBEX and Italy's FTSE MIB after industrial output also unexpectedly fell.

"The numbers are disappointing, but the European economic recovery hasn't been a nice steady trend. We've sometimes seen these figures spike lower, but it's not enough to start pressing panic buttons," Alastair McCaig, market analyst at IG, said.   Continuación...