European stocks rocked by return of volatility after summer lull

viernes 9 de septiembre de 2016 13:02 GYT
 

* STOXX 600 drops 1.1 pct

* Biggest one-day fall since August

* Central banks seen as less dovish than previously

* Retail stocks led lower by Inchcape

* French company Rubis touches record high (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

LONDON, Sept 9 (Reuters) - European stocks fell sharply on Friday, dropping suddenly in afternoon trade following a sell-off on Wall Street as investors reacted to less dovish than expected signals from central bankers on both sides of the Atlantic.

The pan-European STOXX 600 index was down 1.1 percent, the biggest one-day fall for the index since the start of August, after a summer which has seen a tight trading range persist for two months.

The fall added to a pullback from the previous session after some investors expressed disappointment at the fact that the European Central Bank (ECB) had not discussed an extension of the timetable for its economic stimulus programme at its policy meeting on Thursday.   Continuación...