Overdraft fees have forced the poor out of banks: Former FDIC chair

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(For a live blog on European stocks, type LIVE/ in an Eikon news window) LONDON, Sept 5 (Reuters) - European shares opened lower on Wednesday as continuing trade tensions and spreading worries about emerging market currencies cut investor appetite for risky assets. At 0728 GMT, the pan-European STOXX 600 was down 0.4 percent, with losses spread across industry sectors and trading centres. A number of corporate announcements triggered strong swings, notably in BioMerieux. The French pharmaceutical group was the best performer on the index, up 8.3 percent after better than expected first-half results and a raised 2018 outlook. In the same sector, Bayer fell 3 percent after reporting a disappointing 3.9 percent gain in underlying core earnings for the quarter. Another French firm was also among the highest risers. Outdoor advertising group JCDecaux added 6.8 percent after a rating upgrade by BofA Merrill. Snuff and cigar maker Swedish Match fell 5.2 pct after an institutional investor sold a stake of 4.3 million shares at a discount. (Reporting by Julien Ponthus; Editing by Catherine Evans) View comments
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