Europe shares sag as Ukraine woes, mixed updates weigh

martes 15 de abril de 2014 12:42 GYT

* FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 1.3 pct

* Euro STOXX 50 pierces below support, sends bearish signal

* Speculations over weak China GDP reading weigh on miners

* SABMiller, Nestle, L'Oreal give weak updates

By Blaise Robinson and Sudip Kar-Gupta

PARIS/LONDON, April 15 (Reuters) - European stocks sank on Tuesday, resuming last week's sell-off as worries over escalating tension in Ukraine and weak updates by bellwethers including Nestle spooked investors.

Renewed concerns over the pace of growth in China ahead of GDP figures due on Wednesday also weighed on sentiment, with mining giants BHP Billiton and Rio Tinto losing 2 percent ant 3.1 percent respectively.

According to a Reuters poll, China is forecast to have grown at its slowest rate in five years in the first quarter, growing by 7.3 percent, although speculations of a lower growth rate on Tuesday prompted investors to dump European mining shares, traders said.

The FTSEurofirst 300 index of top European shares ended 1 percent lower at 1,306.85 points, resuming last week's slide during which the index lost about 3 percent, before slightly bouncing back on Monday.   Continuación...