Russia-exposed European shares knocked back by new sanctions

jueves 17 de julio de 2014 04:28 GYT

* FTSEurofirst 300 falls 0.2 pct

* Raiffeisen, Metro among top fallers

* Earnings pin back Sandvik, SGS

* Market consolidates after biggest rise since April

By Alistair Smout

EDINBURGH, July 17 (Reuters) - European stocks fell on Thursday, with appetite for equities dented by new Western sanctions on Russia and a mixed earnings picture.

Stocks with high exposure to Russia were among the top fallers after the European Union and the United States increased sanctions on the country.

Austrian bank Raiffeisen fell 2.9 percent, with German retailer Metro down 2.4 percent and Italy's Unicredit dipping 1.3 percent.

"As with the first and second round of sanctions, people are using the market conditions to trade those stocks with a bit more Russia exposure," Ioan Smith, director at KCG, said.   Continuación...