European shares extend losing streak, weighed down by oils

martes 13 de septiembre de 2016 12:54 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) Recasts, adds closing prices)

* Pan-European STOXX 600 index falls 1 percent

* Oils lead sectoral fallers as crude prices tumble

* Partners Group rises to record high after H1 results

By Danilo Masoni

MILAN, Sept 13 (Reuters) - European shares fell for a fourth day on Tuesday as initial support from dovish remarks by U.S. Federal Reserve official Lael Brainard eased and a drop in crude oil prices weighed.

The STOXX 600 index fell 1 percent but remained above a five-week intraday low hit on Monday, while volatility , an indicator of investor nervousness, also resumed its rise to end up 4 percent.

The pan-European index rose as much as 0.6 percent in morning deals as investors took some comfort from Brainard, who said that the Fed should avoid removing support for the U.S. economy too quickly.

But the bounce evaporated as Wall Street opened lower and tumbling crude prices on the back of worries over a supply glut sent the sector index down more than 2.8 percent, making it the worst performer in Europe.   Continuación...