1 de junio de 2016 / 16:36 / en un año

European shares knocked down by mining, bank and travel stocks

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* FTSEurofirst 300, STOXX 600 both down around 1 pct

* Miners fall after mixed China PMI data

* French tourism stocks fall after U.S. travel alert

* Banco Comercial Portugues and Banco Popolare slump

By Alistair Smout

LONDON, June 1 (Reuters) - European shares fell on Wednesday, hit by a drop in commodity stocks and banks, while the travel sector came under pressure after the United States issued a travel alert over the possibility of attacks in Europe this summer.

The pan-European STOXX 600 and FTSEurofirst 300 indexes both fell by around 1 percent, each having already declined by 0.8 percent on Tuesday.

The worst-performing sector was the STOXX 600 Basic Resources index, which contains major mining stocks and which fell by 2.8 percent after Chinese economic data.

The Caixin/Markit Manufacturing Purchasing Managers’ index (PMI) showed activity at China’s factories shrank for a 15th straight month in May, suggesting that the world’s second-largest economy and the top global consumer of metals is still struggling to regain traction. .

“Overnight, China PMI figures were a mixed bag, with official figures showing marginal growth and unofficial (data) indicating a slowdown,” said Ana Thaker, market economist at PhillipCapital UK.

“China has expressed a desire to move to a consumer led economy but these figures pose a problem for the country as it struggles to boost the non-manufacturing sector.”

Oil and gas shares fell, tracking weaker oil prices which retreated on expectations that an OPEC meeting would shun any curbs on output.

The travel and leisure sector also underperformed to fall 1.9 percent, after the United States warned of possible terror attacks this summer in Europe.

French travel and tourism stocks, such as Air France KLM and hotels group Accor, led the sector lower.

The French travel industry is already being hit by strikes, and the Euro 2016 soccer tournament, starting next week, is seen as a major security challenge.

“I’d have thought that Accor is suffering a bit,” said Rupert Baker, European equity sales executive at Mirabaud Securities.

Italian banking shares were dragged down by Banco Popolare , which dropped 6.3 percent after media reports said Italy’s market watchdog will give its go ahead to the bank’s cash call later today.

Portugal’s Banco Comercial Portugues slumped 10.8 percent as borrowing costs in the ‘peripheral’ euro zone countries of Spain, Italy and Portugal rose, with uncertainty over Britain’s vote this month over its membership of the European Union weighing on markets.

However, Ahold rose 2.5 percent after the Dutch supermarket operator’s results beat forecasts.

Today’s European research round-up

ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia format from 0600 London time through the 1630 closing bell, it will include the best of our market reporting, Stocks Buzz service, Eikon graphics, Reuters pictures, eye-catching research and market zeitgeist. Breaking news and dramatic market moves will continue to be alerted to all clients and we will continue to provide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions or feedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA. (Additional reporting by Sudip Kar-Gupta; Editing by Raissa Kasolowsky and Adrian Croft)

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