Telecoms, techs drag down Europe shares; oil eases

FRANKFURT, July 22 (Reuters) - Weaker oil cushioned a fall in European shares on Tuesday, but stocks ended a four-session winning streak as Vodafone's (VOD.L) outlook disappointed, while credit market worries dogged the financial sector.

European indexes were hit by poor results at U.S. bank Wachovia WB.N on Tuesday and weak forecasts from Apple (AAPL.O) and Texas Instruments TXN.N overnight.

Vodafone was the strongest negative weight on the pan-European FTSEurofirst 300 index .FTEU3 with its shares falling around 14 percent.

The world's largest mobile phone company by revenue lowered its outlook for full-year revenue to around the bottom of a previously forecast range as consumers delay buying new phones.

The FTSEurofirst 300 index unofficially ended down 0.35 percent at 1,166.04 points, having fallen as much as 2 percent in the session. The index gained some 5 percent in the previous four sessions.

The market fall was cushioned by the oil price falling more than $5 a barrel, with a tropical storm moving over the Gulf of Mexico expected to miss major oil and gas installations.

(Reporting by Eva Kuehnen)