European shares drop as ECB's Draghi cools stimulus talk

jueves 8 de septiembre de 2016 09:39 GYT

* STOXX 600 drops 0.9 percent

* Draghi says QE extension not discussed

* ECB holds rates, sticks to stimulus timetable

* Pearson drops on weak peer results

* Micro Focus surges after Hewlett Packard deal (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 Alistair Smout and Sudip Kar-Gupta

LONDON, Sept 8 (Reuters) - European stock markets fell on Thursday, turning lower after the European Central Bank stuck to its timetable for its stimulus programme and President Mario Draghi said an extension had not been discussed.

The ECB held interest rates steady, as expected, and investors were looking to Draghi's press conference for dovish signs that the central bank's programme of quantitative easing could be allowed to run longer than scheduled.

However, the STOXX 600 hit session lows shortly after Draghi said that such an extension of the prgoramme had not been discussed, while the euro rose.   Continuación...