European shares off lows as China move offsets G20 disappointment

lunes 29 de febrero de 2016 11:12 GYT
 

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* Germany's DAX dragged lower by BASF, utilities (Updates with latest moves)

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Feb 29 (Reuters) - European shares fell on Monday but were off earlier lows as a decision by China to resume its easing cycle partly offset disappointment over the G20 meeting failing to agree new measures to boost growth.

The pan-European FTSEurofirst 300 index was down 0.3 percent by 1448 GMT. The index reached a three-week high last week but was still on track for its third straight month of losses due to investor concerns over the global growh outlook.

Fresh euro zone data showed inflation unexpectedly turned negative in February, helping the market come off lows and adding weight to expectations the ECB will further boost stimulus measdures at its meeting next month.   Continuación...