European shares fall as UniCredit leads banks lower after tests

lunes 1 de agosto de 2016 12:38 GYT

* Pan-European STOXX 600 index down 0.6 percent

* Banks led lower by UniCredit, Raiffeisen

* But Italian lender Monte Paschi outperforms

* Heineken down after results, Legrand up

By Danilo Masoni

MILAN, Aug 1 (Reuters) - European shares closed lower on Monday, dragged down by banks such as UniCredit and Raiffeisen that performed poorly in a Europe-wide stress tests.

The pan-European STOXX 600 and the FTSEurofirst 300 index both closed 0.6 percent weaker.

The STOXX 600 banking index fell 1.8 percent, reversing earlier gains and giving back a rally seen in the previous days as enthusiasm for the results of the stress test, which delivered little negative surprises, was short-lived.

Austrian bank Raiffeisen, which emerged among the four worst perfomers in the tests along with Monte dei Paschi, Banco Popular and UniCredit, fell 5 percent.   Continuación...