European shares end 2015 with gains but below peaks

jueves 31 de diciembre de 2015 12:19 GYT

* German and French markets up around 10 pct in 2015

* FTSE has underperformed, down around 5 pct (Updates with prices at close)

By Sudip Kar-Gupta and Kit Rees

LONDON, Dec 31 (Reuters) - European shares ended 2015 mostly higher than where they started, but well below their peaks after weak commodity prices weighed on markets in the final quarter.

Britain's blue-chip FTSE 100 index shed 0.5 percent on Thursday and France's benchmark CAC-40 index was down 0.9 percent, while Germany's DAX was closed for a public holiday and other markets had half-day sessions.

Brent crude oil prices stayed near 11-year lows, with falls in oil companies such as BP and Total.

Shares have retreated from record highs reached in April, pulled down partly by concerns about a slowdown in China, the world's second-biggest economy and a major consumer of commodities such as metals and oil.

But economic stimulus measures from the European Central Bank have prevented markets from losing too much ground, with the main German and French markets both up some 10 percent overall in 2015.

However, the FTSE has underperformed its European rivals and is down around 5 percent for the year, partly because commodity-related stocks account for a bigger part of the market in Britain than in France and Germany.   Continuación...