European stocks slip further on bank and growth concerns

lunes 8 de febrero de 2016 13:49 GYT
 

* FTSEurofirst 300 index tumbles 3.4 percent

* Deutsche Bank top faller among big banks

* Energy shares track weaker oil prices

* Greek stocks sink to lowest in over 25 years (Adds details, closing prices)

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Feb 8 (Reuters) - European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth.

The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013.

The STOXX Europe 600 banking index fell 5.6 percent, making it the top sectoral faller. The index is down around 24 percent so far this year on concerns about banks' profitability and capital strength in an environment where monetary stimulus continues to put pressure on margins.

Shares in Deutsche Bank fell 9.5 percent, leading decliners on Europe's Stoxx 50 index. Elsewhere in the sector, BNP Paribas, ING Santander and Barclays all fell by more than 5 percent.   Continuación...