European shares end lower, Stoxx 600 hits one-week low
European shares closed at a one-week low on Thursday, amid concerns over Scotland’s vote next week, and as the European Union said that new sanctions will be enacted against Russia on Friday.
Confirmation the European Union will impose new sanctions against Russia over the conflict in Ukraine, starting on Friday, and concern about their impact on the European economy also weighed on stocks.
- Stoxx 600 lost 0.12 percent or 0.43 points to 344.27
The STOXX Europe 600 Basic Resources index fell 0.5 percent on data showing China`s consumer inflation slowed more than expected in August, suggesting the economy is losing momentum.
- Stoxx 50 dropped 0.20% or 6.40 points to 3237.76
Scottish-exposed companies such as Standard Life, SSE and Royal Bank of Scotland rallied after a poll suggested voters in Scotland would reject independence in next week`s referendum.
The latest survey by Survation for the Daily Record newspaper showed 53 percent of voters who planned to vote would back retaining Scotland`s three-centuries-old union with England. Forty-seven percent intended to vote for independence. The 10 percent of respondents who were undecided were excluded.
Investors are now trying to gauge the strength of the U.S. economy before the Federal Reserve meets next week, looking for clues on the timing of the first U.S. interest-rate increase in more than eight years.
-The British FTSE 100 lost 0.45% or 30.49 points to 6799.62
-The French CAC 40 lost 0.22% or 9.89 to 4440.90
-Frankfurt’s DAX 30 lost 0.09% or 8.89 points to 9691.28
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