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

lunes 4 de julio de 2016 12:32 GYT

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* Pan-European STOXX 600 index ends 0.7 pct lower

* 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 stocks offsetting gains among mining shares boosted by higher metals prices.

Monte dei Paschi hit a record low as a European Central Bank request that it sell bad loans raised worries the Italian lender may have to raise capital quickly. Italy's FTSE MIB, down 1.7 percent, underperformed the market.

The pan-European STOXX 600 index closed 0.7 percent lower after gaining 7.6 percent in the past four sessions. The FTSEurofirst 300 index fell 0.6 percent.

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