European shares fall as downed plane spurs safe-haven buying

viernes 18 de julio de 2014 04:24 GYT

* FTSEurofirst 300 down 0.3 pct

* Geopolitical concern weighs on stocks

* No panic in market as hopes rise for de-escalation

* Ericsson surges after earnings to provide support

By Alistair Smout

EDINBURGH, July 18 (Reuters) - European stocks fell on Friday, extending losses made late in the previous session after a passenger plane was shot down over eastern Ukraine, stoking tensions between Russia and the West.

The pan-European FTSEurofirst 300 index was down by 0.3 percent at 1,356.36 by 0748 GMT but was off an intraday low hit in early morning trade.

"People in the market are still worried that there will be an escalation in the conflict (following the plane crash)," said Markus Huber, senior sales trader at Peregrine & Black.

"But it's so serious that maybe people will pull back from the conflict now."   Continuación...