European shares set for biggest weekly fall since mid-June
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By Kit Rees
LONDON, Aug 19 (Reuters) - European markets fell on Friday putting the STOXX 600 on track to post its biggest weekly loss since the middle of June with all major sectors in the red on the day.
The STOXX 600 index fell 0.7, retreating from a 7-week high reached earlier in the week. Volumes remained light, characteristic of the summer trading period.
European markets eased after comments from leading U.S. Federal Reserve policymakers indicating support for a U.S. interest rate hike in the near term, at odds with Wednesday's dovish minutes.
"Markets have been pricing in a little bit too dovish an outlook," Augustin Eden, research analyst at Accendo Markets, said, adding that the possibility of a rate hike was weighing on markets.
The STOXX 600 remains down 6.9 percent this year, and is still slightly below its pre-Brexit level. Continuación...