European shares hit 16-month low as banks falter; Greek stocks plunge

lunes 8 de febrero de 2016 09:07 GYT

* FTSEurofirst 300 index falls 2.5 percent

* Banking sector among top decliners

* Energy shares track weaker oil prices

* Greek stocks fall to lowest in over 25 years (Adds details, updates prices)

By Atul Prakash

LONDON, Feb 8 (Reuters) - European equities fell to a 16-month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off.

The FTSEurofirst 300 index of top European shares fell 2.5 percent to 1,250 points by 1252 GMT, its lowest intraday level since October 2014.

The STOXX Europe 600 banking index, down 3.6 percent, was among the top decliners. The index is down more than 22 percent so far this year on concerns about banks' earnings and profitability in a negative rate environment.

The cost of insuring the European financial sector's senior debt against default also climbed to its highest level since late 2013.   Continuación...