European shares knocked back by weak mining and financial stocks

jueves 13 de octubre de 2016 12:50 GYT

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* STOXX 600 falls 0.9 pct after hitting three 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 0.9 percent. The index, which is down by around 8 percent so far in 2016, fell as much as 1.4 percent earlier in the session to hit its lowest point since July 12. The Basic resources, Insurance and Bank indexes were the three biggest sectoral losers with a drop of more than 2 percent.

Standard Life fell 5.1 percent after Barclays cut the stock to "underweight" while insurer Aegon fell 5.9 percent after Societe Generale cut it to a "hold" on worries over variable annuities in the United States.

Dutch navigation firm TomTom fell 7.8 percent after it said sales of its personal navigation devices had been weaker than expected in the third quarter.   Continuación...