[BENGALURU] Europe suffered a fourth day of losses as persistent worries about the pace of global growth and Brexit uncertainty took their toll on shares in the region.
European stocks pulled back from an initial 0.8 per cent fall after an unexpected rise in German business sentiment that eased fears of a recession in the European Union's largest economy. "Its a lingering fear of the state of the European economy," said David Madden, an analyst at CMC Markets. Wood Group was the worst Stoxx 600 performer, with a 7.6 percent drop, after Jefferies cut its rating on the oilfield and engineering services provider, citing dividend risks.
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