European shares dip, on track for worst month in 4 years

lunes 31 de agosto de 2015 04:20 GYT

* Euro STOXX 50, DAX, CAC down 1 pct

* DAX and CAC head for worst month in 4 years

* UK stock market closed for holiday

By Atul Prakash

LONDON, Aug 31 (Reuters) - European shares fell on Monday, with Germany's DAX and France's CAC on track for their worst month in four years, hit by sliding Chinese stocks and prospects of a near-term U.S. rate increase.

At 0805 GMT, the DAX, the CAC and the euro zone's Euro STOXX 50 were down about 1 percent. Volumes were likely to be thin, with British markets closed for a public holiday.

All three indexes are down about 9 percent in August so far.

"The market turmoil will continue in the near future. China is the catalyst, but the real reason for the sell-off is the nervousness about the first U.S. rate hike," Koen De Leus, senior economist at KBC in Brussels, said.

"The underlying trend is still up, but the time of making easy money on the stock markets is over."   Continuación...