European shares extend slide; Airbus drops again

jueves 11 de diciembre de 2014 05:29 GYT

* FTSEurofirst 300 down 0.1 pct, falls for 4th straight day

* Airbus sags; worries on demand for fuel-efficient aircrafts

* Investors awaited results of ECB TLTROs

By Blaise Robinson

PARIS, Dec 11 (Reuters) - European shares fell in early trading on Thursday, losing ground for the fourth session in a row, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks.

Shares in Airbus fell as much as 4.5 percent, adding to a 10 percent drop in the previous session after the planemaker predicted flat profits in 2016. That surprised investors who had expected new and recently upgraded models to start boosting results that year.

Analysts also cited rising concerns that tumbling oil prices will reduce airlines' incentive to buy new, more fuel efficient aircraft.

"Further downside risks to A330 production rates/pricing and worries over the impact of low oil prices on aircraft replacement demand could potentially weigh on market sentiment," Citi analysts wrote in a note.

Zara owner Inditex bucked the trend, gaining 3.1 percent after posting in-line earnings.   Continuación...