European shares end lower as U.S. data accelerates sell-off
(Adds details, updates with closing prices)
* FTSEurofirst 300 index ends 0.8 pct lower
* Sell-off gathers pace after U.S. jobs data
* Arcelor slumps on capital raising move
By Atul Prakash and Danilo Masoni
LONDON/MILAN, Feb 5 (Reuters) - European equities ended lower after a choppy session on Friday, with the sell-off accelerating in late business after U.S. jobs data left investors guessing about the possibility of an interest rate hike this year.
U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low suggested the labour market recovery remains firm and more rate hikes could come this year.
"The result is an even more confused picture on the likely pace of rate increases from the Federal Reserve ... which is unlikely to be helpful for confidence in markets," Jasper Lawler, analyst at CMC Markets, said.
The U.S. central bank raised its short-term interest rate in December for the first time in nearly a decade. Continuación...