French blue-chips lead European shares lower after euro zone PMIs

miércoles 23 de abril de 2014 04:14 GYT

* FTSEurofirst 300 down 0.2 percent

* French, German PMIs point to diverging economies

* Ericsson falls after earnings miss

* Primark gives Associated British Foods a lift

By Alistair Smout

LONDON, April 23 (Reuters) - French blue-chip shares underperformed their German counterparts on Wednesday after survey data showed that the recovery in France is still weaker than the euro zone's biggest economy.

France's CAC 40 index fell 0.3 percent, underperforming a 0.2 percent drop on the pan-European FTSEurofirst 300, after purchasing managers index (PMI) data for the country showed waning momentum in its fragile economic recovery.

France's manufacturing and services figures came in slightly below expectations, albeit still in expansion territory.

By contrast, survey data from Germany came in ahead of expectations, posting its 12th straight month of expansion. ID:nL9N0MI018]   Continuación...