Europe shares trim losses after lower-than-expected U.S. jobs

viernes 1 de agosto de 2014 10:22 GYT

* FTSEurofirst 300 down 1 pct, Euro STOXX 50 down 0.7 pct

* Payrolls increase 209,000 in July, less than expected

* Investors rattled by Argentina's default, Russian sanctions

* Banco Espirito Santo stock sinks 19 pct

By Blaise Robinson

PARIS, Aug 1 (Reuters) - European shares slightly trimmed losses on Friday after data showing U.S. job growth slowed more than expected last month, soothing concerns of an early interest rate hike.

But stocks remained deep in negative territory, with a broad index trading at 3-1/2 month lows, hurt by tension between Russia and the West, Argentina's default, as well as concerns around losses at Banco Espirito Santo.

The Labor Department said on Friday nonfarm payrolls increased 209,000 last month after surging by 298,000 in June, missing economists' expectation of an increase of 233,000 jobs.

"The number was a fairly big miss, but it means the Americans may hold off a little bit longer from raising rates," said Joe Neighbour, trading analyst at London-based firm Central Markets.   Continuación...