Monday, 12 September 2016

European shares slide, poised for biggest loss since June

Shares in the United States and Asian sunk as bond yields rose around the world. Investors fretted over a potential rate rise by the U.S. Federal Reserve next week, as they also questioned whether central bank policy had reached the limits of its effectiveness.

The STOXX 600 was down 1.8%, set for its biggest fall since late June. The growth-sensitive basic resources sector slumped 3.5%, the worst performer on the day, while bank stocks fell 1.9% .

German-listed E.ON was the top faller, down 13% after it spun off its Uniper division, while Linde dropped 7.4% after its Praxair merger fell apart. 

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