* STOXX 600 ends marginally lower
* Banks, Brexit-sensitive stocks lead losses
* German, British shares post gains
* Marks & Spencer tumbles after decline in profit
(Updates to closing)
May 22 (Reuters) - European shares edged lower on Wednesday on
unease over developments in the U.S.-China trade war and Britain's
uncertain departure from the European Union.
The pan-European STOXX 600 index closed down 0.08% with losses
on Italy's MIB and France's CAC offset by gains in Britain's
FTSE 100 and Germany's DAX
Banks and Brexit-sensitive stocks led losses as some investors
switched into safe-haven euro zone bonds as pressure grew on UK Prime
Minister Theresa May to resign after lawmakers in her own party
rejected her compromise deal on exiting the EU.
A Report that the United States is considering curbs on Chinese
video surveillance firm Hikvision added to investor concerns.
"Sentiment remains fragile as investors digest the changing
face of the trade dispute from broad sweeping tariffs to direct action
against single Chinese companies," Jasper Lawler, head of
research at futures brokerage London Capital Group, wrote in a note.
Europe's banking index fell 1.2% to an over four-month low with
Banco Santander , Lloyds and Barclays shedding between 1.1%
London's FTSE 100 pared most of its early gains to close 0.07%
higher as declines in Brexit-sensitive stocks such as housebuilders
and retailers accelerated. The exporter-heavy index had outperformed
its peers earlier in the session bolstered by a weak pound.
Homebuilders Taylor Wimpey , Berkeley Group and <Persimmon
PSN.L> fell sharply, while retailers were led lower by Marks &
Spencer after it reported a third straight decline in full-year
Germany's trade-sensitive DAX closed 0.2% higher, recovering
from a 0.7% fall earlier in the day.
Payments company Wirecard's jumped 5.9% on a partnership deal
in India over identity cards.
At the top of the STOXX 600 was online financial trading platform
IG Group Holdings Plc , after it unveiled a plan to drive growth
even as it forecast a sharp fall in full-year net trading revenue and
Danish IT software company SimCorp soared 11% as it affirmed
guidance, dispelling market fears of an outlook cut after reporting
quarterly results that beat expectations.
(Reporting by Medha Singh, Agamoni Ghosh and Susan Mathew in
Bengaluru; editing by William Maclean and John Stonestreet)
((mailto:Medha.Singh@thomsonreuters.com; within U.S. +1646 223 8780,
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