European shares snap winning streak as Evonik tumbles on weak outlook

jueves 3 de marzo de 2016 05:28 GYT

* FTSEurofirst 300 down 0.5 percent

* Evonik heaviest faller after disappointing update

* Miners extend gains as copper prices rise (Adds details, updates prices)

By Danilo Masoni

MILAN, March 3 (Reuters) - European shares fell back on Thursday, with chemicals maker Evonik among the heaviest fallers, after five straight days of gains brought a top European equity index to a one-month high.

By 0908 GMT, the pan-European FTSEurofirst 300 was down 0.49 percent at 1,335.25 points, having hit its highest since early February in the previous session.

After a turbulent start to the year due to worries about global growth and the health of the banking sector, European equities markets have enjoyed a recent rally as oil prices recovered and fears over a U.S. slowdown eased.

"For markets to continue to move higher more good data - especially out of the U.S. - will be needed," said Markus Huber, a trader at City of London Markets.

The FTSEurofirst remains down 7 percent so far this year.   Continuación...