European shares decline as oil prices fall back

miércoles 20 de abril de 2016 06:15 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 0.3 percent

* Cheaper oil pulls down market

* ARM Holdings gains after results

* Volkswagen leads FTSEurofirst gainers

By Danilo Masoni and Atul Prakash

MILAN/LONDON, April 20 (Reuters) - European shares retreated from three-month highs on Wednesday as oil prices fell, but the losses were limited by some solid earning updates, including those of UK chip maker ARM.

The pan-European FTSEurofirst 300 index was down 0.3 percent by 0952 GMT after rising 1.5 percent the day before, when it reached its highest since early January.

Crude oil prices fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude output by around half. Sharp losses on Chinese markets also led to some profit-taking after the recent gains.   Continuación...