Europe shares inch up; oil slump hits energy sector

jueves 13 de noviembre de 2014 13:34 GYT
 

(Adds closing levels, details)

* FTSEurofirst 300 up 0.2 pct following Wednesday's sell-off

* Brent drops through "pain threshold" of $80 a barrel

* Earnings season strong but lack of revenue growth nags

By Blaise Robinson

PARIS, Nov 13 (Reuters) - European stocks ended slightly higher on Thursday, pausing for breath following the previous session's sell-off, although energy shares sank along with Brent crude prices.

Brent futures tumbled more than 2 percent to below $79 a barrel, hitting a four-year low, dragged down in part by data showing China's economy lost momentum again in October.

Both oil majors Total and BP fell 0.9 percent, while oil services firms Seadrill and Saipem dropped 4.3 percent.

"$80 per barrel is the pain threshold," said Alexandre Baradez, chief market analyst at IG France.   Continuación...