European shares erase ECB rally; Santander falls

miércoles 10 de septiembre de 2014 10:42 GYT

* FTSEurofirst 300 down 0.2 pct; erases ECB-spurred rally

* Jitters over Scotland vote rattle investors

* Santander stock falls after Chairman Botin dies

By Blaise Robinson

PARIS, Sept 10 (Reuters) - European stocks fell for a fourth straight session on Wednesday, erasing what was left of the gains spurred by the European Central Bank's rate cut and other measures introduced last week to support the region's economy.

Investors were concerned that supporters of Scottish independence were gaining in opinion polls, a week before the country votes on the issue. They were also worried by rising U.S. bond yields, as expectations grew that the Federal Reserve will take a more hawkish stance at a policy meeting next week.

At 1400 GMT, the FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,382.34 points. The index has lost 1.5 percent since it hit a peak last Thursday after the ECB announcement.

Around Europe, Germany's DAX index fell 0.4 percent, France's CAC 40 0.3 percent and Italy's MIB 0.1 percent. Spain's IBEX was down 0.6 percent, hurt by a drop in the shares of Santander.

The Spanish bank was down 1.3 percent as the death of its chairman prompted worries over succession. Emilio Botin, who transformed Santander from a small domestic lender into the euro zone's biggest bank, died of a heart attack on Tuesday night.   Continuación...