• Inside Labour

    Government's farming policies have had a damaging effect, says Terry Bell.

  • Hunter feeling the heat

    The killer of Cecil the lion is now the one getting hunted - by outraged Americans.

  • Making media behave

    Is patriotic reporting another name for whitewashing corruption, asks Leopold Scholtz.

Loading...
See More

European shares hit by weak growth data

Feb 14 2013 18:55
Reuters
London - European shares ended lower on Thursday after investor sentiment was hit by weak regional growth data, although a bounce off technical support and some solid US data helped indexes close off their lows.

The FTSEurofirst 300 provisionally closed down 1.39 points at 1 164.22, hovering 12 points off 2-year highs, while a leading euro zone blue-chip index closed down 0.7% at 2 638.07.

European shares weakened after data showed the euro zone economy shrank 0.6% in the fourth quarter of 2012, but pared losses late on after bullish jobs data in the US sparked a recovery on Wall Street.

Wall Street edged back towards 5-year highs, while in Europe the Euro STOXX 50 found strong support at 2 600 both from prior peaks and the uptrend line from its 2012 low.

"Mixed economic data created uncertainty and we have had a lot of uptrends extending so it is only natural to see a little bit of caution, but there is some solid support preventing a sharper retracement" Dominic Hawker, technical strategist at Messels, said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About...

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Introducing tablets in schools is:

Previous results · Suggest a vote

Loading...