Weak corporate updates and Ukraine woes dent European shares

martes 15 de abril de 2014 06:27 GYT

* SABMiller, Nestle give weak updates

* FTSEurofirst 300 and Euro STOXX 50 slip

* Ukraine tensions also weigh

* EPS growth needed to push shares higher -Reyl CIO

By Sudip Kar-Gupta

LONDON, April 15 (Reuters) - Weak updates by leading European companies held back the region's stock markets on Tuesday, while the threat of costly sanctions against Russia over the situation in Ukraine also pushed equities lower.

The pan-European FTSEurofirst 300 index, which rose 16 percent last year and hit a near six-year high of 1,355.29 points earlier this month, fell 0.3 percent to 1,315.28 points in mid-session trading.

The euro zone's blue-chip Euro STOXX 50 index retreated by 0.4 percent to 3,119.07 points. Germany's DAX index - which hit a record high of 9,794.05 points in late January - fell 0.6 percent to 9,281.89 points.

The DAX remained down after Germany's ZEW investor sentiment reading fell for the fourth month in a row in April, as tensions between Russia and Western powers over Ukraine darkened the outlook for Europe's largest economy.   Continuación...