European shares knocked back by weak mining and financial stocks

jueves 13 de octubre de 2016 04:15 GYT

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* STOXX 600 down at two-month lows

* Weak Chinese data weighs on mining stocks

* Tesco, Unilever in dispute, shares in both fall

By Sudip Kar-Gupta

LONDON, Oct 13 (Reuters) - European shares fell on Thursday as underwhelming Chinese trade data knocked down mining stocks while Standard Life and Aegon slid on broker downgrades.

The pan-European STOXX 600 index fell more than 1 percent to a two-month low, with the index down by around 8 percent so far in 2016. All major sub-sectors were lower on Thursday.

Standard Life fell 4.6 percent after Barclays cut the stock to "underweight" while insurer Aegon fell more than 5 percent after Societe Generale cut it to a "hold" on worries over variable annuities in the United States.

Dutch navigation firm TomTom fell 6.6 percent after it said sales of its personal navigation devices had been weaker than expected in the third quarter.   Continuación...