OPEC and Draghi drag on European shares

jueves 2 de junio de 2016 10:08 GYT
 

(Adds details, updates prices)

* ECB keeps rates on hold

* Voestalpine and Johnson Matthey rise after results

* Spanish banks buoyed by HSBC comments (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

By Alistair Smout

LONDON, June 2 (Reuters) - European shares edged into negative territory on Thursday after OPEC failed to agree an output ceiling for oil and the European Central Bank revised its inflation and growth forecasts only slightly higher.

The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down 0.3 percent by 1327 GMT, having fallen around 1 percent in the previous session.

Oil and gas shares were the top sectoral fallers, down 1 percent after an OPEC delegate told Reuters that OPEC was not changing its ouptut policy, meaning the organisation had failed to agree a new production ceiling.

The prospect of lower oil prices complicates the task of central banks as they attempt to battle deflation.   Continuación...