* STOXX 600 index down 0.3 pct
* U.S. data sends stocks lower
* Ingenico plummets after results
* Fresenius gains following Spanish acquisition (ADVISORY- Follow European and UK stock markets in real time onthe Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)
By Alistair Smout and Kit Rees
LONDON, Sept 6 (Reuters) - European shares fell on Tuesday,dropping back from their highest levels since January, hit byweak U.S. data and a slump in France's Ingenico Group,which led Europe's tech sector lower.
The pan-European STOXX 600 index fell 0.3 percent,after reaching its highest level since January in the previoussession.
The market fell away in afternoon trade after the U.S. ISMservices index dropped by the most since the financial crisis.
The dollar fell against the euro, hitting exporters, as thechances of a U.S. rate increase in September receded further.
The growth-sensitive banking sector fell the most,losing 1.7 percent. Banks have been under pressure, their profitability undermined by low interest rates.
The oil and gas sector dropped 0.9 percent, the nextbiggest decline, as Brent crude slipped below $47 a barrel. Oilprices dropped as hopes faded for imminent action to reduce aglobal supply glut.
"(The fall in oil) comes less than 24 hours after the blackstuff has surged on news of an agreement between Russia andSaudi Arabia to stabilise the oil market," said Connor Campbell,financials analyst at Spreadex.
"Investors (are) apparently less convinced than they wereyesterday about the likelihood of this leading to any concreteaction."
Underscoring investor skittishness and low tolerance forearnings disappointments, French payments firm Ingenico Group plummeted 13.6 percent in heavy volume, after cuttingits full-year targets following a "sudden and significantdecline" in U.S. sales.
"Ingenico has adjusted its guidance for H2 2016 due to therapid and temporary market decline in the U.S. caused by thechange in EMV rules, and persistently difficult conditions inBrazil," Richard-Maxime Beaudoux, analyst at Bryan, Garnier &Co, said in a note.
Dutch fertilizer group OCI also dropped, down 6.9percent after reporting its first half results.
Germany's blue-chip DAX ended in positiveterritory, helped by a jump in Fresenius SE. The medical company was up 6.4 percent after it said that it wasbuying Spain's biggest private hospital chain, Quironsalud, for5.76 billion euros ($6.42 billion). (Editing by Larry King)
