Cyclical shares lag bounce in European bourses on Ukraine worry

lunes 14 de abril de 2014 12:38 GYT

(Updates at settle)

* FTSEurofirst 300, Euro STOXX 50 up 0.5 pct

* Indexes breaks losing streak on U.S. data, Citi results

* Ukraine crisis caps sentiment

* Shares dependent on economic growth hit on valuation worry

By Francesco Canepa

LONDON, April 14 (Reuters) - Strong U.S. economic data helped pan-European equity indexes snap a three-day losing streak on Monday but appetite for risk remained muted as the threat of violence between Ukrainian forces and pro-Russia separatists loomed.

Cyclical shares lagged broader indexes as tension in Ukraine and volatile global markets prompted investors to take a more cautious stance and cash in on some of the best performers of the past nine months.

Sectors which depend the most on economic activity, such as travel and leisure, tech and financial services fell between 1 percent and 1.2 percent, underperforming small advances on pan-European indexes.   Continuación...