Ukraine worries keep lid on European shares, outweigh earnings

viernes 18 de julio de 2014 10:47 GYT
 

* FTSEurofirst 300 down 0.2 pct, trims gains for the week

* Investors wary after Malaysian plane downed over Ukraine

* Heightened international pressure seen helping end crisis

* Swedish stocks rise on earnings boost

By Francesco Canepa

LONDON, July 18 (Reuters) - European shares edged lower on Friday as the downing of a passenger plane over Ukraine stoked tensions between Russia and the West and outweighed some strong earnings reports from Sweden.

Uncertainty over how the incident will affect the conflict between the Ukrainian government and separatists meant many investors were reluctant to open new long positions ahead of the weekend in case the situation deteriorates.

But selling pressure was moderate and volatility low as the loss of the Malaysian airliner with 298 people aboard was also seen as intensifying international pressure to resolve the worst crisis between Russia and the West since the Cold War.

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