European stocks slip as ECB keeps rates unchanged

jueves 21 de abril de 2016 12:57 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 down 0.3 pct, off lows as euro falls back

* Disappointing results hit Ericsson, Pernod shares

* Volkswagen surges on deal with U.S. authorities

* Banks lead sectoral gainers led by Greek lenders

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, April 21 (Reuters) - European shares fell slightly on Thursday after the European Central Bank kept rates unchanged, with Swedish telecom equipment maker Ericsson and French drinks firm Pernod leading the fall after disappointing updates.

ECB President Mario Draghi kept borrowing costs at record lows, sticking to his course of ultra-loose monetary policy, and said the bank would start corporate bond purchases and a new round of cheap bank refinancing in June.

Although details about the corporate bond purchase programme were seen as a boost, the fact that Draghi did not mention the strength of the euro as a concern weighed on stocks, said Anthilia Capital Partners fund manager Giuseppe Sersale.   Continuación...