Euro zone shares halt slide on ECB stimulus hopes

jueves 11 de diciembre de 2014 07:24 GYT
 

* Euro STOXX 50 up 0.2 pct, FTSEurofirst 300 down 0.3 pct

* Low take-up for ECB funds underpin stimulus expectations

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

By Francesco Canepa and Blaise Robinson

LONDON\PARIS, Dec 11 (Reuters) - Euro zone shares halted a three-day losing streak on Thursday as expectations for further monetary stimulus were underpinned by low take-up for the European Central Bank's latest round of cheap loans.

Gains appeared fragile, however, as this week's slump in oil and iron ore prices weighed on a number of resource-related stocks and Greek shares fell for a third day on concerns about the outcome of presidential elections later this month.

Banks borrowed 129.8 billion euros ($161 billion) of four-year loans on Thursday from the ECB, taking barely more than half of the total money that had been offered this year as the euro zone's economy continues to struggle.

Shares in euro zone banks briefly extended gains after the data, which was seen as adding pressure on the ECB to unveil plans to buy sovereign bonds next year to stimulate the economy.

"It doesn't change things in a major way but it does keep the hope (of bond purchases) alive," Markus Huber, a senior trader at Peregrine & Black, said.   Continuación...