European shares dented by euro zone inflation data

viernes 28 de febrero de 2014 06:52 GYT
 

* European equity markets edge lower after inflation data

* Inflation data comes in above forecasts

* Data could lessen chance of new ECB stimulus

* FTSEurofirst 300 and ESTOXX 50 both down 0.2 pct

By Sudip Kar-Gupta

LONDON, Feb 28 (Reuters) - European shares dipped on Friday as euro zone inflation data came in above expectations, which investors said could lessen the prospect of new monetary stimulus measures from the European Central Bank.

The pan-European FTSEurofirst 300 index, which had been in positive territory before the publication of the data, fell 0.2 percent to 1,342.49 points.

The euro zone's blue-chip Euro STOXX 50 index also declined by 0.2 percent to 3,127.58 points.

Some analysts have been banking on the European Central Bank loosening its monetary policy further in order to strengthen the region's fragile economic recovery, which could in turn drive up European stock markets.   Continuación...