Merger talk boosts banks but European shares end lower

miércoles 31 de agosto de 2016 12:52 GYT
 

(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) Adds details, closing prices)

* Pan-European index ends down 0.4 pct

* Bank index makes biggest monthly gain since Feb 2015

* Deutsche Bank boss calls for mergers

* Weaker commodity prices hit miners, oil stocks

By Danilo Masoni

MILAN, Aug 31 (Reuters) - European shares edged lower on Wednesday, weighed down by losses among miners and energy stocks, but banks extended recent gains amid talk of possible tie-ups in the battered sector.

Deutsche Bank chief John Cryan made a rare public call for more cross-border sector consolidation in Europe on Wednesday following a report that the German bank had considered a merger with rival Commerzbank.

Europe's STOXX bank index has been the worst sectoral performer so far this year due to concerns over margin pressure and possible capital shortfalls in a low-growth low-rate environment.   Continuación...