European shares dip as Ukraine crisis deepens

viernes 25 de abril de 2014 04:02 GYT
 

* FTSEurofirst 300 down 0.5 pct, Euro STOXX 50 down 0.7 pct

* DAX underperforms again on worries over Ukraine

* Deutsche Bank hurt by report of capital hike

By Blaise Robinson and Sudip Kar-Gupta

PARIS/LONDON, April 25 (Reuters) - European shares fell in early trade on Friday as new signs of violence in Ukraine weighed on stock markets that had been buoyed by corporate takeover activity.

Germany's DAX index, seen as the European market most vulnerable to the crisis between Ukraine and Russia, was down 0.8 percent, at 9,471.31 points.

Ukrainian forces killed up to five pro-Moscow rebels on Thursday and Russia launched army drills near the border in response. Seven people were also injured overnight at a pro-Ukrainian checkpoint near Ukraine's Black Sea port of Odessa when an explosive device blew up.

"I'm a seller here. The DAX has got the legs to come off down to 9,250 points," said Darren Courtney-Cook, head of trading at Central Markets Investments Management.

The DAX, which has been outperforming European stock indexes for years, is down 1.2 percent so far this year, trailing behind France's CAC 40, up 3.7 percent in 2014, Milan's FTSE MIB up 14 percent and Madrid's IBEX up 4.7 percent.   Continuación...