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STOXX 600 down 0.8%

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Global cyber outage causes chaos

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Sartorius drops on annual forecast cut

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Danske Bank ( DNSKF ) gains after Q2 net profit beat

(Updated at 1600 GMT)

By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan

July 19 (Reuters) - European shares clocked weekly

losses as a selloff in technology shares, some downbeat earnings

along with falling commodity-linked stocks weighed, ending a

tumultuous week marked by a global tech outage on Friday.

The pan-European STOXX 600 index closed 0.8% lower,

slipping to a more than two-week low and logging a weekly

decline of more than 2%, its biggest weekly fall so far this

year.

Trading in oil, gas, power, stocks, currencies and bonds was

on its way back to business as usual after a sweeping global

cyber outage hampered operations at financial services firms and

banks from London to Singapore, although residual data problems

remained.

Italy's bourse said that its FTSE MIB index was

again being updated regularly after its functioning was affected

earlier by the global IT outage. It ended down 0.9%.

Travel and leisure shares were amongst top decliners

with a 2.1% fall, driven by a 8.3% fall in Sweden's Evolution

after missing second quarter top-line and earnings

expectations.

Miners shed 2.1% on lower commodity prices due to

the lack of Chinese stimulus measures, while heavyweight energy

shares slipped close to 1% amid lower crude oil prices.

Tech shares were down 1% on the day and were the

worst performing sector this week with a near 9% tumble.

Referring to tech stocks, Michael Field, Morningstar's

European market strategist said that "when valuations get high,

the stocks are kind of vulnerable to market sentiment more so

than before and it doesn't take much to move the needle."

The European benchmark logged its fifth consecutive session

of losses as investors grapple with political developments in

the United States and the possibility of tougher trade rules

that led to a rout in technology shares.

Lack of policy direction from the European Central Bank

following its decision to hold rates steady earlier in the week

also added to investors' uncertainty.

Among other stocks, Sartorius was down 13.1% after

the pharmaceutical equipment supplier cut its full-year

guidance.

Ubisoft dropped 14% after the French video game

maker posted a smaller-than-expected rise in quarterly net

bookings and forecast second quarter bookings below analysts'

estimates.

On the flip side, Danske Bank ( DNSKF ), Denmark's biggest

lender, surged 7.7% as it beat second-quarter net profit

expectations.

Tomra ( TMRAF ) jumped 13.3% after the Norwegian waste

management provider beat estimates on second-quarter results.