European shares weaken on concerns over Iraq

viernes 8 de agosto de 2014 08:00 GYT

* FTSEurofirst 300 down 0.6 pct

* Afren suspends output from Kurdistan, shares weaken

* Nokian Renkaat hit by plummeting sales in Russia

* Monte dei Paschi falls after results

By Tricia Wright

LONDON, Aug 8 (Reuters) - European shares dropped on Friday, sinking for the seventh time in eight sessions, on growing nervousness after U.S. President Barack Obama authorised air strikes in Iraq.

Obama said on Thursday he had authorised U.S. air strikes to blunt the onslaught of Islamist militants in northern Iraq as well as airdrops of supplies to besieged religious minorities.

"There (are) just no buyers out there, and indexes keep breaking support levels one after the other," FXCM analyst Vincent Ganne said.

"People have been caught off guard. The geopolitical risks have been treated as 'noise' by investors in the past few months, but now they suddenly realise that it's much more than just 'noise'."   Continuación...