European shares dipped on Wednesday, pausing after a two-month rally that propelled a number of indexes to multi-year peaks as investors awaited confirmation of further stimulus from the ECB before chasing the market higher.
Shares in Mediaset featured among the biggest losers, down 5.7 per cent after the Italian television company posted a net loss in the first quarter. Compass surged 5 per cent after the world’s biggest catering firm said it would return 1 billion pounds ($1.68 billion) to shareholders through a special dividend.
At 0750 GMT, the FTSEurofirst 300 index of top European shares was down 0.1 per cent at 1,366.93 points, after hitting a six-year high in the previous session. Germany’s DAX gained 0.04 per cent, hovering just below a record high hit in January. European stocks have been lifted by expectations of fresh measures from the European Central Bank to keep inflation from staying too low.
via Economic Times
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