European shares trim losses after U.S. jobs data; banks weigh

viernes 9 de enero de 2015 10:35 GYT

* FTSEurofirst 300 down 0.2 pct after U.S. jobs report

* Santander slides after capital increase, dividend cut

* Euro zone banks fall as ECB stimulus optimism cools

By Francesco Canepa and Lionel Laurent

LONDON, Jan 9 (Reuters) - European shares trimmed losses on Friday after stronger-than-expected U.S. jobs data, although heavy falls in euro zone banks, led by Spain's Santander , kept the main indexes under pressure.

Shares in companies that export to the United States, such as auto maker Fiat Chrysler, or are exposed to the global economic cycle, such as construction firms, were among top gainers after the U.S. non-farm payrolls data.

U.S. job growth increased briskly in December, further strengthening the economy's fundamentals. A 5 cent drop in average hourly earnings, while taking some shine off the report, was seen as reducing the pressure for a Federal Reserve interest rate increase, which traders expect in September.

The pan-European FTSEurofirst 300 index was down 0.2 percent at 1,365.02 points, having traded as low as 1,358.53 before the data was released.

"If you're at all nervous about the U.S. economy, in terms of its effect on trading partners in Germany and the like, the answer is unquestionably at this point that it is doing just fine," said Dan Greenhaus, chief strategist at BTIG.   Continuación...