Europe stocks slip as Fed jitters eclipse M&A fever

martes 16 de septiembre de 2014 07:23 GYT
 

* FTSEurofirst 300 down 0.5 pct, hits two-week low

* Worries about U.S. rates, Scotland referendum

* 'Expect turbulence,' Wells Fargo AM's Paulsen says

By Blaise Robinson

PARIS, Sept 16 (Reuters) - European stocks fell on Tuesday, with one index hitting a two-week low, as this week's referendum on independence in Scotland and the Federal Reserve's policy meeting kept investors on edge.

The worries overshadowed recent enthusiasm about brisk mergers and acquisition activity in Europe in the past few days.

Jazztel helped to lead the gains across Europe on Tuesday, rising 5.7 percent on the day after a 13 percent rally on Monday. France's Orange has announced a deal to buy the Spanish fixed-line telecommunications operator.

At 1100 GMT, the FTSEurofirst 300 index of top European shares had fallen 0.5 percent to 1,375.18 points, a level not seen since early September. The index has been losing steam in the past two weeks, pending the Fed's meeting and Scotland's referendum.

"Generally, there's been some turbulence every time the Fed has moved from accommodation to tightening," said Jim Paulsen, chief investment strategist at Wells Fargo Asset Management, which has $490 billion under management.   Continuación...