* Wall Street fails to rebound
    * FTSE 100 down 1.9 pct
    * Oil majors weigh
    * Gold miners surge

 (Adds closing prices, quote)
    By Julien Ponthus
    LONDON, Oct 11 (Reuters) - UK shares closed at their lowest
since April as a global sell-off on equity markets caused by
fears of fast-rising rates showed no sign of ending on Thursday
despite data showing slower than expected U.S. inflation.
    The FTSE 100  .FTSE  ended the day down 1.9 percent, a fall
broadly in line with European benchmarks, all retreating as  
the S&P 500  .SPX  and the Nasdaq  .NDX  were set for a second
session of heavy losses after their Wednesday plunge.
    "The bloodbath for global equities comes as investors adjust
to a world of higher U.S. interest rates", said Jasper Lawler
from London Capital Group, explaining that investors were
switching bets on so-called growth stocks, like America's
Facebook  FB.O  or Amazon  AMZN.O  to "more conservative
strategies". 
    A smaller-than-expected rise in consumer prices in the
United States seemed to weaken the case for an aggressive
campaign of interest rate rises but did little to reassure
investors on either side of the Atlantic.  urn:newsml:reuters.com:*:nL2N1WR0KJ
    Adverse corporate news meant that British firms were among
the biggest losers across Europe.
    Books, newspaper and stationery retailer WH Smith  SMWH.L 
posted the worst performance of the pan-European STOXX 600
 .STOXX  index, slumping 11.5 percent. It unveiled plans to
restructure its high street business to face lower consumer
spending and lingering economic uncertainties.  urn:newsml:reuters.com:*:nL4N1WR2RQ
    Recruiting firm Hays  HAYS.L  was second, sinking 11
percent, after reporting a slower quarterly fee growth rate,
hurt by a relatively stronger pound against other foreign
currencies.
    British fund supermarket Hargreaves Lansdown  HRGV.L  was
also among the big losers of the day, retreating 5 percent  
after a trading update which suggested a slower start to the
financial year.
    Among small market capitalizations, shares in fund manager
Jupiter  JUP.L  hit 27-month lows after it reported much larger
than expected outflows in the third quarter, feeding a slide in
asset management stocks that outstripped the wider market
sell-off.
    Oil majors also contributed to drag the index down as oil
fell to two-week lows with prices also hit by the storm on Wall
Street and an industry report showing U.S. crude inventories
rose more than expected. BP  BP.L  lost 2.6 percent and Royal
Dutch Shell  RDSa.L  3 percent. 
    Overall losses on British benchmarks were also exacerbated
by the fact that a number of stocks, such as Barratt Develoment
 BDEV.L , Centrica  CNA.L , HSBC  HSBA.L  and Tesco  TSCO.L ,
were trading without entitlement to their latest dividend
pay-out. 
    A surge in gold prices triggered by risk-wary investors
searching for safe havens lifted miners Fresnillo  FRES.L  and
RandGold  RRS.L  up 9 percent and 8.7 percent respectively.

 (Julien Ponthus, Editing by William Maclean and Hugh Lawson)
 ((mailto:julien.ponthus@thomsonreuters.com; 02075426189;
Reuters Messaging:
rm://julien.ponthus.thomsonreuters.com@reuters.net))
 
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