Miners lead European shares lower, Credit Suisse outperforms

miércoles 23 de marzo de 2016 13:47 GYT

* Miners and oil companies lead sectoral fallers

* Credit Suisse outperforms weak banks on cost-cutting plans

* Poste Italiane and Kingfisher rise after earning updates

* William Hill slumps after profit warning (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details. Adds details, closing prices)

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, March 23 (Reuters) - European shares slipped on Wednesday in thin pre-holiday trade, with miners and oil companies leading the decline on weaker commodity prices, while Credit Suisse outperformed the banking sector after saying it was cutting costs further.

The pan-European FTSEurofirst 300 index fell 0.1 percent to 1,336.7 points, while the euro zone's blue-chip Euro STOXX 50 index dropped 0.3 percent.

"Investors were in holiday mood and going forward I expect markets to move on sideways and consolidate a bit, but not too much after the ECB (stimulus package)," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.

The STOXX Europe 600 Basic Resources Index fell 2.1 percent, topping sectoral fallers, as metal prices declined after the dollar strengthened on hawkish comments from U.S. Federal Reserve policymakers.   Continuación...