European shares extend losses after ECB comments
LONDON Feb 14 (Reuters) - European shares extended losses on Thursday, weighed down by weak euro zone eocnomic data and by comments from ECB Vice President Vitor Constancio who said that markets should determine exchange rates.
"Basically what saying is that the ECB still remains reluctant to manipulate the euro lower which suggests to me that the economic data is going to continue to deteriorate," Michael Hewson, analyst at CMC Markets, said.
The FTSEurofirst 300 was down 0.3 percent at 1,162.58 points , while Euro STOXX 50 fell 0.7 percent, as investors fretted about the negative impact of the strong euro on corporate earnings.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.