European stocks steady after four days of gains

miércoles 13 de julio de 2016 12:15 GYT

* Late fall in oil hits energy shares

* Spanish banks buoyed by court ruling

* AccorHotels shares rise on plans for HotelInvest arm

* Credit Suisse stays benchmark on European cyclicals (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

By Sudip Kar-Gupta and Alistair Smout

LONDON, July 13 (Reuters) - European stocks edged lower on Wednesday after four straight sessions of gains to leave a benchmark regional index near its highest level in more than two weeks, with a drop in oil and gas shares weighing on the market.

The pan-European STOXX 600 settled 0.1 percent lower, following four straight day of gains, remaining near its highest level since late June.

The index had been in positive for much of the session, until EIA data from the United States showed an unexpected rise in oil inventories. That hit oil prices and sent the STOXX Europe 600 Oil & Gas index down 1 percent.

The STOXX 600 had slumped 11 percent in the first two trading sessions in the immediate aftermath of Britain's shock vote on June 23 to leave the European Union.   Continuación...