European shares fall as Unicredit and Erste hit financials
* UniCredit falls on CEO uncertainty
* Erste down on move by Uniqa to sell stake
* World Bank cuts economic growth forecasts (Recasts, adds detail and updates prices at close)
By Kit Rees and Sudip Kar-Gupta
LONDON, June 8 (Reuters) - European shares fell on Wednesday after two straight days of gains, as a drop in Italian bank UniCredit and Austrian bank Erste knocked 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," Berkeley Futures' associate director, Richard Griffiths, said.
The pan-European STOXX 600 and FTSEurofirst 300 indexes both ended down 0.5 percent.
UniCredit fell on uncertainty over the appointment of a new CEO and the possibility that it will have to launch a capital increase. The bank is due to hold a board meeting on Thursday. Continuación...