European shares fall, Brazil-exposed stocks weigh
* Pan-European FTSEurofirst 300 index falls 0.8 pct
* Brazil-exposed stocks down as S&P cuts country rating
* Next advances after reporting a rise in profits
By Atul Prakash
LONDON, Sept 10 (Reuters) - European shares retreated on Thursday, tracking sharp losses on Wall Street and in Asia, with companies exposed to Brazil coming under pressure after Standard & Poor's downgraded the country's credit rating to junk grade.
Shares in Casino Guichard, Banco Santander , Seadrill Anheuser-Busch InBev, British American Tobacco and Unilever fell 1 to 4.6 percent.
The FTSEurofirst 300 index of top European shares was down 1.1 percent at 1,420.29 points by 0832 GMT after rising 1.4 percent in the previous session.
The market tracked a sharp sell-off on Wall Street and in Asia. Major U.S. share indexes fell 1.2 to 1.5 percent on Wednesday, while Japan's Nikkei dropped 2.5 percent.
"Europe is catching up with overnight developments in the U.S. and Asia, but we still believe that strong earnings growth in Europe this year, combined with a supportive monetary policy, will underpin share prices," said Robert Parkesof HSBC Global Research. Continuación...