8 de junio de 2016 / 8:12 / hace un año

European shares fall back as drop in Erste knocks bank stocks

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* 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.

Erste fell 3 percent, after insurance company Uniqa said late on Tuesday that it would sell around 17.4 million Erste shares.

The shares of payment systems company Ingenico also fell 4.8 percent, impacted by a slump in its rival VeriFone after VeriFone posted lower-than-expected earnings.

However, Athens' benchmark ATG equity index edged up, with the German government set to recommend that the European Stability Mechanism (ESM) rescue fund releases the next tranche of aid to Greece, according to a letter from Deputy Finance Minister Jens Spahn to the budget committee seen by Reuters.

Today's European research round-up

ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA.

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