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Europe: Stocks fall as post-Brexit recovery stalls

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[LONDON] European shares fell on Thursday, stalling attempts to recover from a heavy sell-off caused by Britain's vote to leave the European Union last week, as shares in major banks lost ground.

The pan-European STOXX 600 index and the similar FTSEurofirst 300 index both fell by 0.6 per cent.

Britain's benchmark FTSE 100 retreated by 0.3 per cent while Germany's DAX fell 0.5 per cent.

Banking stocks were among the worst performers.

Shares in Deutsche Bank and Santander fell after their US units suffered the ignominy of failing US stress tests yet again this year, while a Morgan Stanley downgrade also hit Royal Bank of Scotland.

REUTERS