Slide in Santander, oil push European shares to weekly loss

viernes 9 de enero de 2015 13:35 GYT
 

* FTSEurofirst 300 down 1.7 pct, posts 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 posted 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 and the pan-European FTSEurofirst 300 index dipped back late on Friday to close 1.7 percent lower at 1,345.60 points.

It was down 1.1 percent for the week despite a 2.9 percent bounce on Thursday.

"The bid from new money to start the year feels like it's faded," a trader said.

Euro zone banks, down 5.1 percent, weighed as expectations about a wide bond-buying programme from the European Central Bank cooled and heavyweight Santander slid over 13 percent after announcing a capital increase and dividend cut.   Continuación...