Europe share rally pauses; luxury stocks hit by EM exposure

miércoles 26 de febrero de 2014 12:01 GYT
 

* FTSEurofirst 300 down 0.3 pct, Euro STOXX 50 down 0.3 pct

* Indexes lose steam as big resistance levels loom

* Emerging markets worries weigh on luxury goods makers

* Tensions in Ukraine keep investors on edge

By Blaise Robinson

PARIS, Feb 26 (Reuters) - European stocks retreated on Wednesday, taking a breather from their sharp three-week rally, with shares in luxury goods makers under renewed pressure due to their big exposure to emerging markets.

Credit Suisse was also in the spotlight, down 2.8 percent as a U.S. Senate subcommittee alleged new misdeeds by the Swiss lender.

At 1548 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,347.64 points, following a 7 percent rise from a low hit on Feb. 4.

The euro zone's blue-chip Euro STOXX 50 index was down 0.3 percent, at 3,147.08 points.   Continuación...