Slide in Santander, oil set up European shares for weekly loss

viernes 9 de enero de 2015 11:37 GYT

* FTSEurofirst 300 down 1.1 pct , eyes weekly loss

* 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 were poised to post a loss in the first full trading week of 2015, weighed down by a slide in banks, led by Spain's Santander after its capital increase, and oil companies.

Relief after stronger-than-expected U.S. jobs data proved short-lived as the pan-European FTSEurofirst 300 index dipped back late on Friday to trade 1.1 percent lower at 1,353.60 points at 1529 GMT. It was down 0.7 percent from last Friday's close.

Euro zone banks, down 5.2 percent, continued to weigh as expectations of a bond-buying programme from the European Central Bank cooled and heavyweight Santander slid over 13 percent after announcing a capital increase and dividend cut.

Traders said the discounted price of Santander's capital increase had hurt the stock, though some analysts said the move would pay off.

"This was a needed capital rebuild that addresses a known issue," Goldman Sachs analysts wrote in a note to clients.   Continuación...