European shares sag after disappointing French, German PMIs

lunes 23 de junio de 2014 12:50 GYT

* FTSEurofirst 300 down 0.5 pct, falls from 6-1/2-yr high

* Alstom deal sparks speculation of stake sales

* Euronext slips again; UBS starts with 'sell' rating

By Tricia Wright

LONDON, June 23 (Reuters) - European stocks fell on Monday as disappointing euro zone business surveys revived concerns about the pace of economic recovery in the region.

Shares of companies in which the French state owns significant stakes fell after Economy Minister Arnaud Montebourg hinted at sales of some holdings to finance investment in Alstom .

EDF was the biggest loser among that group, sliding 2.9 percent.

Safran, Orange, Airbus and Thales also fell, all underperforming France's CAC 40 , which dipped 0.6 percent.

The FTSEurofirst 300 index of top European shares closed down 0.5 percent at 1,388.34 points, retreating from a 6-1/2 year high hit last week.   Continuación...