Subdued euro zone manufacturing data weighs on European shares

viernes 2 de enero de 2015 07:27 GYT

* FTSEurofirst 300 edges down 0.1 pct

* FTSE 100, DAX and CAC all slip lower

* Weak euro zone data weighs

* RBS falls on report of new fines

By Lionel Laurent

LONDON, Jan 2 (Reuters) - A modest New Year rally in European stocks quickly fizzled out on Friday after disappointing euro zone manufacturing data.

The pan-European FTSEurofirst 300 index slipped 0.1 percent to 1,367.52 points by midsession and early gains on benchmark indexes in France, Germany and Britain all ebbed away.

Euro zone manufacturing ended 2014 on a subdued note as output, new orders and employment all recorded sluggish growth, a survey showed on Friday, adding to pressure on the European Central Bank (ECB) to boost the economy.

The downturn also deepened in France, the euro zone's second-biggest economy, while data also showed a weaker-than-expected reading for the British manufacturing sector.   Continuación...