European shares extend slide ahead of Crimea vote

viernes 14 de marzo de 2014 07:36 GYT

* FTSEurofirst 300 dips 0.6 pct, Euro STOXX 50 down 0.6 pct

* DAX set for biggest weekly loss since last June

* Short-selling books thriving -Lyxor's Asseraf-Bitton

* U.S. flows into Europe equities slow -Lipper

By Blaise Robinson

PARIS, March 14 (Reuters) - European shares fell on Friday, extending their pull-back as tensions in Ukraine before a weekend referendum in the Crimea peninsula unnerved investors.

Russia launched new military exercises near its border with Ukraine on Thursday, even as Washington cautioned that Moscow risked facing serious consequences if annexation was the outcome of the planned Crimea referendum.

"The geopolitical risks are back at the forefront of investors' minds," said Jeanne Asseraf-Bitton, head of global cross-asset research at Lyxor Asset Management, which has $110 billion under management.

"On the longer term, with stocks more or less at fair value now and the multi-month market rally losing steam, hedge fund strategies are thriving. Short-selling books are making good money again."   Continuación...