European shares end down in choppy trade, led by Credit Suisse

jueves 4 de febrero de 2016 13:46 GYT
 

* FTSEurofirst 300 index ends down 0.15 pct in choppy trade

* Commodities make biggest one-day gain since Sept 2011

* Credit Suisse slumps after posting first loss since 2008

* ING up on solid results, reassuring message on oil risk (Adds details, closing prices)

By Danilo Masoni

MILAN, Feb 4 (Reuters) - European shares fell on Thursday as weak U.S. data fed concerns that the world's biggest economy may be slowing down, with export-oriented auto stocks leading the decline and Credit Suisse tumbling after reporting a full-year loss.

Losses, however, were limited by a rally in commodities which lifted miners and oil sector stocks.

U.S. non-farm productivity slumped in the fourth quarter and jobless claims rose more than expected, data showed. That put added pressure on the dollar, which has been weakening as expectations for more U.S. interest rate hikes this year fade.

"The dollar is weakening because the market is starting to worry that the strength of the internal labour market may not be enough to contain the headwinds," said Marco Vailati, head of research at Cassa Lombarda. "What's needed are strong data that pour cold water on mounting expectations for a slowdown".   Continuación...