European shares pull back after Fed-inspired rally; RWE falls
* STOXX 600 down 0.7 percent
* Banks lead sectoral fallers
* RWE down after green unit IPO pricing
* Lundbeck slumped after study failure (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, updates prices)
By Danilo Masoni
MILAN, Sept 23 (Reuters) - European shares fell on Friday, pulling back from two-week highs hit the previous session after the Federal Reserve signalled an increasingly cautious approach to future rate hikes, with banks leading sectoral fallers.
The pan-European STOXX 600 index was 0.7 percent lower, retreating a touch after having closed at its highest level since Sept. 9 on Thursday.
The index is down over 5 percent so far this year but was on course to end the week with a gain of more than 2 percent.
"The Fed-fuelled rally that catapulted shares out of the summer doldrums this week is showing some signs of fatigue," said Jasper Lawler, Market Analyst at CMC Markets. Continuación...