European shares end lower, focus on Fed

lunes 14 de septiembre de 2015 12:25 GYT

* FTSEurofirst 300 closes 0.5 pct lower

* Caution before Fed meeting this week

* TF1 jumps on relief over ads

By Atul Prakash

LONDON, Sept 14 (Reuters) - European equities ended lower on Monday as investors grew jittery ahead of the Federal Reserve meeting in which the U.S. central bank could take a decision to maintain or start raising interest rates after keeping them low for years.

A Reuters poll showed on Friday a small majority of forecasters expect a Fed hike on Thursday, though markets-based models suggest concerns about global market volatility and economic growth will delay monetary policy tightening.

"The wider picture is one where people don't have too much conviction about the market's direction," IG analyst Joshua Mahony said.

"Going into Thursday, quite a few people are worrying that we are potentially going to see a move lower because even if we see the Fed holding rates, that is not going to be enough to make people start feeling really bullish as they know that it's just around the corner."

Mining shares came under pressure after prices of key industrial metals fell sharply. Copper was down 1.4 percent, alongside Chinese equities, after data showed a lower-than-expected rise in China's factory output, reinforcing worries about demand for the metal.   Continuación...