European shares little changed, German energy shares slump

martes 15 de septiembre de 2015 08:20 GYT

* FTSEurofirst 300 index up 0.05 percent

* German energy companies fall sharply

* Autos gain after strong car sales data

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Sept 15 (Reuters) - European shares were little changed at midday on Tuesday, with German energy companies RWE and E.ON down after a report said they needed to set aside more money to shut down nuclear power plants.

Investors were reluctant to make big bets before the Federal Reserve decides on Thursday whether to raise U.S. interest rates for the first time since 2006.

Shares in RWE and E.ON both fell more than 7 percent after Spiegel Online said they were short as much as 30 billion euros ($34 billion) of the money they need to set aside to build a safe disposal site for nuclear waste, as part of Germany's exit from nuclear power. E.ON, however, said that nuclear provisions were adequate.

"Uncertainty about the Fed's likely decision continues. If there is no rate hike on Thursday, it could also give a signal that the Fed has some concerns about the health of the economy," said Christian Stocker, strategist at UniCredit in Munich.

The mood among investors in Germany, Europe's biggest economy, slumped in September to its lowest level in 10 months, hit by fears about slower exports to emerging markets, a survey by the ZEW think tank showed on Tuesday.   Continuación...