European shares set for 2015's biggest weekly fall despite Novo Nordisk surge

viernes 27 de marzo de 2015 11:06 GYT

* FTSEurofirst 300 up 0.3 pct after losing 1.9 pct in 2 days

* Novo Nordisk up 13 pct after deciding to submit drug data

* Euro zone shares recover as euro falls back (Recasts, adds quotes)

By Alistair Smout

LONDON, March 27 (Reuters) - A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk.

At 1446 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at 1,580.73 points, but down 1.9 percent for the week - the biggest weekly drop for the index since December.

European stocks tumbled in the previous two sessions, with the FTSEurofirst 300 losing 1.9 percent as a rebounding euro currency prompted investors to cash in recent sharp gains.

The FTSEurofirst 300 gave away stronger earlier gains as the euro recovered an early drop on Friday to trade flat.

European shares have rallied in the past six months as investors bet a sharp drop in the currency would boost the region's economy and lift corporate results.   Continuación...