European shares fall as commodity stocks and Next slide

jueves 24 de marzo de 2016 13:28 GYT

(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)

* FTSEurofirst index falls 1.5 percent

* Weaker mining and energy stocks weigh on markets

* Next slumps after painting cautious outlook

By Atul Prakash

LONDON, March 24 (Reuters) - European equities fell for a fourth straight session on Thursday, weighed down by a drop in the shares of major mining and energy companies, while fashion retailer Next also slumped.

The pan-European FTSEurofirst 300 index ended down 1.5 percent on the last trading day of the week, with volumes relatively thin ahead of the Easter holidays. It also had its secondly weekly loss in a row.

The U.S. dollar rose on currency markets after St Louis Fed President James Bullard said another U.S. interest rate hike "may not be far off."

However, this in turn impacted European mining stocks since a stronger dollar makes metals more expensive for the holders of other currencies.   Continuación...