LONDON Feb 14 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.