European shares down in choppy trade led by Roche; oils up

jueves 28 de enero de 2016 06:00 GYT

* Pan-European falls 0.3 pct, down 7 pct year-to-date

* Roche lower after results miss expectations

* Oil stocks higher as crude steadies above $33 (Adds details)

By Danilo Masoni

MILAN, Jan 28 (Reuters) - European shares fell slightly in choppy trade on Thursday with losses limited by gains in oil stocks, while disappointing results from Roche weighed on the healthcare sector.

Investors were in a wait and see mode after the U.S. Federal Reserve kept rates unchanged on Wednesday saying it was "closely monitoring" global economic and financial developments, signaling it wasn't ready to abandon a plan to tighten monetary policy this year.

"The Fed was very pragmatic by showing it is ready to evaluate the impact of markets and delaying any decision to March," said Marco Vailati, head of research at Cassa Lombarda.

By 0938 GMT, the pan-European FTSEurofirst 300 index was 0.3 percent lower while the euro zone's blue chip Eurostoxx 50 index also dipped.

Shares have witnessed a turbulent start of the year on concerns over China's slowing economy and tumbling oil prices, with the FTSEurofirst 300 down 7 percent since the end of 2015.   Continuación...