European shares end at lowest in three weeks led by energy stocks

viernes 4 de diciembre de 2015 13:36 GYT
 

* FTSEurofirst 300 index falls 0.3 pct

* Sandvik, Whitbread drop after downgrades

* AXA up after raising dividend payout target

* Oil stocks top fallers as crude prices drop (Updates with session end)

By Atul Prakash

LONDON, Dec 4 (Reuters) - European shares ended lower on Friday, extending losses from the previous session when the European Central Bank's new stimulus measures disappointed some investors, with oil stocks leading the fall.

Oil stocks staged a mid-afternoon turn around to fall almost 2 percent as crude price fell. A meeting of OPEC members in Vienna failed to agree an oil production ceiling, even as a global glut has pushed down prices.

The pan-European FTSEurofirst 300 index fell 0.34 percent to their lowest level in almost three weeks. On Thursday, the index slimped 3.3 percent after the ECB's policy decisions fell short of high expectations.

The ECB cut its deposit rate deeper into negative territory and extended its bond-buying programme by six months. Many considered that the bare minimum after the bank had for weeks stoked expectations of more stimulus.   Continuación...