European shares fall back as drop in Erste knocks bank stocks

miércoles 8 de junio de 2016 04:11 GYT

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* Erste falls on move by Uniqa to sell Erste shares

* Ingenico hit by drop in U.S. peer VeriFone

* World Bank cuts economic growth forecasts

By Sudip Kar-Gupta

LONDON, June 8 (Reuters) - European shares fell on Wednesday, retreating after two straight days of gains, as a drop in Austrian bank Erste knocked back financial stocks.

Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets.

"The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another reason to be a bit bearish on the markets," said Berkeley Futures' associate director Richard Griffiths.

The pan-European STOXX 600 and FTSEurofirst 300 indexes both fell 0.6 percent, after having risen for the last two days.   Continuación...