European shares weighed down by carmakers

viernes 22 de abril de 2016 10:24 GYT

* FTSEurofirst 300 falls 0.2 percent

* Automobile shares among top decliners

* Peugeot down after raid by investigators (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). Adds details, updates prices)

By Atul Prakash

LONDON, April 22 (Reuters) - European shares inched lower on Friday as automaker Daimler reported disappointing results and said it would investigate its U.S. emissions certification process.

Poor sales also hit luxury group Kering, owner of the Gucci brand.

The pan-European FTSEurofirst 300 index was down 0.2 percent by 1407 GMT, adding to a 0.3 percent fall in the previous session, although it was still headed for a second straight week of gains.

Carmakers were the worst performing sector. The European auto sector index fell 2 percent, dragged down by a 6.6 percent drop in Daimler after it reported first-quarter operating profit tumbled 9 percent.

Daimler also said the U.S. Department of Justice asked it to investigate its emission certification process in United States, including for its Mercedes brand.   Continuación...