European stocks slip as Lufthansa and Immofinanz slump

jueves 17 de marzo de 2016 05:52 GYT
 

* Rise in euro weighs on European stocks

* Mining and energy shares outperform post-Fed

* Lufthansa drops after reining in profit expectations

* Austrian market hit by Immofinanz, Vienna Insurance slumps

By Sudip Kar-Gupta

LONDON, March 17 (Reuters) - European stocks fell on Thursday as a drop in airline Lufthansa and property group Immofinanz took the shine off an update from the U.S. Federal Reserve that boosted commodity share prices.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index both fell 0.5 percent.

The Fed held interest rates steady on Wednesday and indicated that moderate U.S. economic growth and "strong job gains" would allow it to tighten policy this year, with fresh projections showing that policymakers expected two quarter-point hikes by the year's end, half the number seen in December.

The Fed's update weakened the U.S. dollar on currency markets, while it also boosted the euro.   Continuación...