European shares led lower by EDF, Old Mutual surges

lunes 7 de marzo de 2016 05:52 GYT

* Pan-European index down 0.4 percent

* EDF down after CFO quits

* Old Mutual boosted by break-up talk

* JP Morgan cuts equities to underweight

* Miners top declines after on profit taking

By Danilo Masoni

MILAN, March 7 (Reuters) - European shares fell on Monday following recent gains, led lower by French utility EDF after a senior executive quit, with investors awaiting the ECB policy meeting later this week to give near-term direction.

The pan-European FTSEurofirst 300 index, which had risen to one-month highs on Friday after three straight weeks of gains, was down 0.4 percent to 1,339.25 points by 0923 GMT.

Following weakness in recent European economic data, the European Central Bank is seen announcing further monetary policy easing on Thursday but some investors sounded some caution that expectations surrounding the extra stimulus might be too high.   Continuación...