BUZZ-Brazil-exposed stocks fall after allegations against president
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** European stocks with Brazilian exposure fall on Thursday as the country's president faces allegations he bribed a witness in a graft probe
** Michel Temer was recorded discussing payments to silence testimony by a potential witness, according to Reuters sources
** French supermarket group Casino, which is also Brazil's biggest retailer, down 3.5 pct, with the stock also hit by a downgrade from Invest Securities on leverage concerns
** Telefonica (LSE: 826858.L - news) , Telecom Italia (Amsterdam: TI6.AS - news) and Experian (Amsterdam: EP8.AS - news) - all of which are exposed to Brazil - all down by around 3 pct at 0900 GMT
** "We think it relates to concerns out of Brazil following the news about Temer," Berenberg analyst Paul Marsch says of the move lower in Telecom Italia
** Co's unit TIM Brazil has a market share of 25.5 pct in the country
** By 1030 GMT, corporate services provider Edenred down 6 pct (co derives 43 pct revenues from LatAm, according to Reuters data)
** Traders also cite Brazil news for sending SBM Offshore (Swiss: SBM.SW - news) and Santander down by 4-5 pct
** Volkswagen (IOB: 0P6N.IL - news) and ABInBev also trading lower