European shares slip on U.S. rate hike prospects; banks outperform
(ADVISORY - Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds closing prices, details)
* FTSEurofirst index falls 1.2 pct
* Mining, oil shares hurt by weaker commodity prices
* Banks outperform as U.S. rate increase looks more likely
* Travel stocks lower after Egyptair plane goes missing
* Bayer slumps on Monsanto move; Thomas Cook disappoints
By Danilo Masoni and Atul Prakash
MILAN/LONDON, May 19 (Reuters) - European shares fell on Thursday as weaker oil and metals prices put pressure on commodities stocks and concern mounted that U.S. interest rates would be raised soon.
However, bank stocks outperformed, helped by the prospect of rising U.S. rates. Minutes from the Federal Reserve's April meeting showed most of its policymakers thought a June increase would be appropriate if the U.S. economy continued to improve. Continuación...