European shares slump to one-month low after oil price slips

viernes 1 de abril de 2016 09:47 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 300 index falls over 2 percent

* Energy shares track weaker crude oil prices

* Osram falls after Apple drops from supplier list

By Atul Prakash

LONDON, April 1 (Reuters) - European equities tumbled to a one-month low on the first trading day of the quarter on Friday, with energy stocks hit by weaker oil prices while Osram retreated after it was dropped from Apple's top supplier list.

The pan-European FTSEurofirst 300 index fell 2.5 percent to its lowest level in a month, extending the previous session's loss of 1 percent. The benchmark index fell 7.7 percent in the first quarter.

European stock markets stayed in negative territory after the U.S. jobs data was published.

Some traders pointed to the fact that the U.S. unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent as making it more likely that the U.S. may refrain from further interest rate rises in the near future.   Continuación...