UPDATE 2-European shares head lower as Fed nerves kick in <!-- no image --> <div>* Continental slides after report of cost cuts (Adds comment, updates prices)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KrefOAGLkuc:G3pqSEcanHg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KrefOAGLkuc:G3pqSEcanHg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=KrefOAGLkuc:G3pqSEcanHg:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=KrefOAGLkuc:G3pqSEcanHg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=KrefOAGLkuc:G3pqSEcanHg:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/KrefOAGLkuc" height="1" width="1" alt=""></div> Posted by Reuters