European shares sink to lowest close since March on Iraq concern

viernes 8 de agosto de 2014 13:09 GYT

* FTSEurofirst 300 down 0.7 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 fell on Friday, for the seventh time in eight sessions, on growing nervousness after U.S. warplanes struck in Iraq for the first time since American troops pulled out in 2011.

The FTSEurofirst 300 index of top European shares ended down 0.7 percent at 1,305.75 points, its lowest close since March 24.

"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...