European shares drop as Fed's inaction fuels economy concerns

viernes 18 de septiembre de 2015 10:25 GYT

* FTSEurofirst down 2.2 pct, Euro STOXX 50 down 3.3 pct

* Auto supplier Hella slumps after profit warning

* Missed M&A deal lifts payment firms Ingenico

* Wall Street opens sharply lower

By Danilo Masoni

MILAN, Sept 18 (Reuters) - European shares fell on Friday after the U.S. Federal Reserve kept interest rates unchanged, fuelling concerns over the global economy and leaving investors guessing about when policy tightening will start.

The Fed kept rates at near zero in a bow to worries about the global economy, financial market volatility and sluggish inflation at home, but left open the possibility of a modest policy tightening later this year.

The pan-European FTSEuurofirst 300 index was down 2.2 percent and the euro zone's blue chip Euro STOXX index fell 3.3 percent, set for its worst drop since Aug. 24. Declines accelerated as Wall Street opened sharply lower, led by energy stocks.

Traders said uncertainty over when the Fed would eventually raise rates after almost a decade of policy easing was weighing on stock markets, along with the Fed's comments about pressures caused by signs of a slowdown in China.   Continuación...