European stocks fell as the Bank of England said it won’t raise interest rates or reduce bond purchases until the U.K.’s jobless rate falls below 7 percent, sparking concern it expects the economic recovery to be slow.

The Stoxx Europe 600 Index declined 0.2 percent to 302.81 at the close of trading, as Bank of England Governor Mark Carney said the U.K. economy hasn’t reached “escape velocity.” The benchmark gauge has rallied 9. percent since June 24 as the Federal Reserve, the European Central Bank and the Bank of England pledged to continue stimulus.

The Bank of England said it will seek not to raise its benchmark interest rate or reduce bond purchases until the U.K.’s unemployment rate falls below 7 percent, linking stimulus measures to a threshold for the first time. The unemployment rate was at 7.8 percent in the quarter through May and the BOE expects it will stay above 7 percent at least until the third quarter of 2016.

The BOE’s Monetary Policy Committee last week voted to maintain the bank rate at 0.5 percent, the level it has been held at since March 2009, and the stock of asset purchases at 375 billion pounds ($580 billion).

In the U.S., Fed Bank of Chicago President Charles Evans, a proponent of monetary stimulus, said late yesterday he would not rule out a decision to reduce bond purchases from September.

Fed Bank of Dallas President Richard Fisher, one of the most vocal critics of quantitative easing, said Aug. 5 that policy makers were “closer to execution mode” in considering the right time to begin reducing purchases.

National benchmark indexes retreated in 11 of the 18 western-European markets. The U.K.’s FTSE 100 slipped 1.4 percent, while Germany’s DAX Index lost 0.5 percent. France’s CAC 40 rose 0.2 percent.

Natixis declined 3.8 percent to 3.79 euros, its biggest decrease since Feb. 4. Quarterly net income on a pro-forma basis dropped to 248 million euros ($330 million). The bank took a 20 million-euro charge on its debt, after booking a 91 million-euro gain in the year-earlier period.

Rexel slid 4.2 percent to 18.15 euros. Ray Investment SARL sold 28.8 million shares at 18.25 euros each in the electrical-equipment distributor, according to a personal familiar with the sale. Ray Investment now holds 60.8 million shares, or more than 21 percent, in the company.

Randgold Resources retreated 1.4 percent to 4,366 pence. The gold producer said second-quarter profit slumped 61 percent from a year earlier to $46.3 million, while sales declined 27 percent to $252.8 million.

ING, which received a 10 billion-euro government bailout in 2008, gained 5.1 percent to 8.26 euros. Underlying pretax profit for the banking unit rose 14 percent to 1.15 billion euros in the second quarter as the interest margin improved and cost cuts paid off, the biggest Dutch financial-services company said.

U.S. futures fell amid new talk that the Federal Reserve may soon begin easing its stimulus measures.

Global Stocsk:

Nikkei 13,824.94 -576.12 -4.00%

Hang Seng 21,588.84 -334.86 -1.53%

Shanghai Composite 2,046.78 -13.72 -0.67%

FTSE 6,547.06 -57.15 -0.87%

CAC 4,040.07 +7.50 +0.19%

DAX 8,270.37 -29.36 -0.35%

Crude oil $105.20 -0.09%

Gold $1278.80 -0.29%

European stocks declined moderately, which is fixed for the second consecutive session, after the Bank of England has provided a benchmark for monetary policy in the form of a threshold level of unemployment. Add also revised the Bank of England to raise their economic forecasts: 1.5% in 2013 and 2.7% in 2014 against 1.2% and 1.5% previously. The Bank of England will maintain its current level of rates as long as the unemployment rate / p reaches 7.0%, the target level and not trigger level for the rate increase.

Heads of asthma Carney said that Britain is in the middle of the slowest economic recovery in history, and that GDP will not reach pre-crisis peak until next year. As long as the employment does not reach the target level, the Bank of England is not going to expand the asset purchase program, but they are ready to buy more bonds, if need be. He said that 7% is the target level of rates b / d, it may be lower, but it corresponds to the current monetary policy. Carney also said that the Bank of England will link the level of the rate with the rate b / d of 7%. He also noted that "transparency policy" does not mean that rates will be low long period of time, it will depend on economic conditions.

Adding that the dynamics of trade continues to affect yesterday's announcement of the Federal Reserve Bank of Dallas, Richard Fisher, who is one of the most vocal critics of quantitative easing. He noted that the central bank is coming to a reduction in monthly purchases of bonds, the size of which is 85 billion dollars a month, and warned investors that do not rely on this promotion.

Moreover, he added that the financial markets may be too used to the Fed's policy, or hope that the central bank will ease lending after the fall of the market. Some expect that the Fed will hold back levitation markets for an indefinite period of time. This distorts the prices of financial assets and could lead to a serious misallocation of capital.

Stoxx Europe 600 Index fell 0.4% to 302.29.

The cost of Natixis SA fell by 4.03% to 3.78 euros, showing the largest decline for the month, after a report showed a 29% decline in profit for the second quarter.

Shares of Rexel SA (RXL) lost 5.3%, dropping to 17.94 euros after the largest shareholder sold a 10% stake.

The cost of Randgold Resources Ltd. fell 5.8% to 4171 pounds, after reporting a fall in sales and profits.

Shares of ING Groep NV (INGA) rose by 4.68% to 8.22 euros, while reaching a two-year high, after the quarterly report showed that the amount of pre-tax profits rose.

At the moment:

FTSE 100 6,536.78 -67.43 -1.02%

CAC 40 4,018.61 -13.96 -0.35%

DAX 8,240.8 -58.93 -0.71%

Asian stocks fell, with Japanese shares leading declines across the region as the yen gained for a fourth day and metals prices dropped.

Nikkei 225 13,824.94 -576.12 -4.00%

Hang Seng 21,573.35 -350.35 -1.60%

S&P/ASX 200 5,011.3 -94.33 -1.85%

Shanghai Composite 2,046.78 -13.72 -0.67%

Pioneer Corp.  sank 8.7 percent in Tokyo after the maker of car stereos lowered its full-year profit forecast.

BHP Billiton Ltd., the world’s biggest mining company, dropped 2 percent in Sydney after copper futures declined.

The MSCI Asia Pacific Index slid 1.9 percent to 133.26 as of 4 p.m. in Tokyo, with more than four shares falling for each that rose.

Nikkei 225 14,401.06 143,02 1,00%

Hang Seng 21,952.78 -269,23 -1,21%

S & P / ASX 200 5,105.6 -5.65 -0.11%

Shanghai Composite 2,060.5 10,02 0,49%

FTSE 100 6,604.21 -15.37 -0.23%

CAC 40 4,032.57 -17.40 -0.43%

DAX 8,299.73 -98.65 -1.17%

DJIA 15,518.70 -93.39 -0.60%

S&P 500 1,697.37 -9.77 -0.57%

NASDAQ 3,665.77 -27.18 -0.74%