European shares fall led by utilities, real estate; Tesco soars
* STOXX 600 closes down 0.6 pct
* ECB taper talk weighs on markets
* Utility and property stocks fall as bond yields rise
* But bank stocks edge up, lifting Milan and Madrid markets
By Danilo Masoni
MILAN, Oct 5 (Reuters) - European shares fell on Wednesday on concerns that the European Central Bank might reduce the pace of bond-buying before its asset purchase programme ends, hitting utility and property stocks hardest.
The pan-European STOXX 600 index ended down 0.6 percent. The index is down by around 6 percent so far in 2016.
Bloomberg News reported late on Tuesday that the ECB will probably gradually wind down its bond purchases before it concludes its quantitative easing (QE) programme.
An ECB spokesman later tweeted that the euro zone's central bank had not discussed reducing the pace of monthly purchases. The scheme is due to run until March next year and many analysts expect it to be extended given that inflation remains low. Continuación...