European shares end post-Brexit rally; Monte Paschi hits record low

lunes 4 de julio de 2016 09:33 GYT

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* Pan-European index STOXX 600 down 0.7 percent

* Italy's Monte Paschi hits new record low after ECB request

* Miners rise as China stimulus hopes lift copper prices

By Danilo Masoni

MILAN, July 4 (Reuters) - European shares ended a four-day winning streak on Monday with battered banking sector stocks offsetting gains among mining stocks bosted by higher metals prices.

Monte dei Paschi fell more than 10 percent to a fresh record low as a European Central Bank request to sell bad loans raised worries the Italian lender may have to raise capital quickly.

The pan-European STOXX 600 index was 0.7 percent down by 1319 GMT, after gaining 7.6 percent in the past four sessions, and the FTSEurofirst 300 fell 0.6 percent.

Stocks rose last week as expectations the ECB would step in to support markets eased concerns over any fallout from Britain's decision last month to leave the European Union.   Continuación...