European shares knocked as oil slide hits earnings

jueves 29 de enero de 2015 07:59 GYT
 

* FTSEurofirst 300 down 0.3 pct after bullish Fed

* Greek stocks rebound, banks edge up from record lows

* Vallourec warns of impairment, shares fall 5.5 pct (Recasts, adds quotes, detail)

By Alistair Smout and Blaise Robinson

LONDON/PARIS, Jan 29 (Reuters) - Weak corporate updates pegged back European shares on Thursday, as the effects of a recent rout in oil prices knocked back heavyweight energy firms.

Some traders said the Federal Reserve's statement on Wednesday, signalling U.S. rate rises were still likely this year, was also crimping appetite for shares, although Greek banks rebounded from record lows hit earlier in the week.

Investors had been spooked by the new Greek government's plan to challenge bailout terms, but Greece's ATG index rose 3.6 percent, with Morgan Stanley saying there was value in the market after a 15 percent fall so far this week.

France's Vallourec featured among the main losers, falling 5.5 percent after the steel pipes maker warned of an impairment charge of 1.0-1.2 billion euros on the value of its assets, blaming turmoil in the oil market.   Continuación...