European stock rally stalls; DAX eyes record high

miércoles 14 de mayo de 2014 04:26 GYT
 

* FTSEurofirst 300 down 0.1 pct, retreats from 6-year high

* DAX edges up, hovers below record high

* Profit taking hits Portuguese stocks

* Mediaset drops after quarterly loss

By Blaise Robinson

PARIS, May 14 (Reuters) - 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 percent after the Italian television company posted a net loss in the first quarter.

Compass surged 5 percent 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 percent at 1,366.93 points, after hitting a six-year high in the previous session. Germany's DAX gained 0.04 percent, hovering just below a record high hit in January.   Continuación...