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European shares head for worst month in four years

London - European shares fell on Monday, with Germany's DAX and France's CAC on track for their worst month in four years, plagued by sliding Chinese stocks and the threat of a US rate increase as early as September.

At 09:06, the DAX, the CAC and the eurozone's Euro STOXX 50 were down 0.5% to 0.6%. Volumes were likely to be thin with UK markets closed for a public holiday.

The Euro STOXX 50, the DAX and the CAC, all down about 9% in August so far, were set to record their worst monthly performance in percentage terms in four years.

The Fed left open on Friday the possibility of a September interest rate increase, although several officials at the US central bank acknowledged that prolonged turmoil in financial markets might delay the first policy tightening in nearly a decade.

Shanghai stocks, which have plunged more than 40% since mid-June, were down about 1%, while MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4% and was on track for a fall of about 10% this month.

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Rand - Dollar
19.02
-0.6%
Rand - Pound
23.97
-0.3%
Rand - Euro
20.53
-0.3%
Rand - Aus dollar
12.35
-0.0%
Rand - Yen
0.13
-0.6%
Platinum
894.10
-0.3%
Palladium
996.00
-0.6%
Gold
2,196.05
+0.1%
Silver
24.45
-0.8%
Brent-ruolie
86.09
-0.2%
Top 40
67,848
+0.3%
All Share
74,067
+0.2%
Resource 10
56,251
+1.1%
Industrial 25
103,518
+0.2%
Financial 15
16,466
-0.4%
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