European shares drop for third day but sell-off loses strength

lunes 12 de septiembre de 2016 12:33 GYT
 

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* STOXX Europe 600 falls 0.9 percent, off earlier lows

* U.S. rate hike in September seen possible

* Volatility touches after quiet summer

* E.ON drops after Uniper spin-off

By Danilo Masoni and Alistair Smout

MILAN/LONDON, Sept 12 (Reuters) - European shares ended at their lowest point in two weeks on Monday, adding to losses seen last week as investors fretted over a possible near-term rate hike in the United States.

The third day of losses came after bonds had sold off on the back of expectations the Fed could lift rates already next week and the European Central Bank may slow down stimulus measures.

Europe's STOXX 600 ended down 0.95 percent with growth-sensitive sectoral indexes like basic resources and banks leading the fallers.   Continuación...