European shares slide 1% on global growth, taper worries

Reuters

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    Sept 20 (Reuters) - European shares sank 1% to a near
two-month low on Monday, tracking Asian equities lower, as
investors feared major central banks would start giving cues
about tapering their pandemic-era stimulus programmes at various
meetings this week.
    The pan-European STOXX 600 index  .STOXX  was down 1.4% by
0706 GMT, with energy and mining stocks leading declines on a
slide in commodities prices.  O/R   MET/L 
    The benchmark European stocks index has now fallen for three
straight weeks on worries about slowing global growth and the
spillover from tighter regulation of Chinese firms.
    The U.S. Federal Reserve's policy meeting is in focus on
Tuesday and Wednesday, where the central bank is expected to lay
the groundwork for a tapering. On Thursday, the Bank of England
holds its own policy meeting.  urn:newsml:reuters.com:*:nL1N2QJ0Y4
    German shares  .GDAXI  slumped 1.6% as data showed a
bigger-than-expected jump in producer prices last month.
 urn:newsml:reuters.com:*:nAPN022E00 
    In its biggest ever overhaul, the benchmark German index
began trading on Monday with an increase in the number of
constituents to 40 from 30.  urn:newsml:reuters.com:*:nL8N2QF2SW
    In company news, Lufthansa  LHAG.DE  slipped 0.6% after
saying it expects to raise 2.14 billion euros ($2.51 billion) to
pay back part of a state bailout that Germany's top airline
received during the coronavirus crisis.  urn:newsml:reuters.com:*:nL1N2QL0CV

 (Reporting by Sagarika Jaisinghani in Bengaluru; Editing by
Arun Koyyur)
 ((sagarika.jaisinghani@thomsonreuters.com;))

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