European shares tip lower on U.S. data, Russia risk
* FTSEurofirst 300 down 0.2 pct, Euro STOXX 50 down 0.1 pct
* U.S. data, Russia risk keep activity subdued
* Ryanair, Reckitt outperform on earnings, dealmaking
* German market underperforms on Russia exposure (Adds comment, closing prices)
By Lionel Laurent and Blaise Robinson
LONDON/PARIS, July 28 (Reuters) - European stocks edged lower on Monday, with unspectacular U.S. data and new European sanctions against Moscow offsetting strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser.
European equities have barely budged from their levels at the end of June, inching back from multi-year highs on doubts over the pace of economic recovery in the euro zone and the impact of conflicts in Ukraine and across the Middle East.
The pan-European FTSEurofirst 300 index closed down 0.2 percent at 1,369.61 points, while the euro zone's blue-chip Euro STOXX 50 index was down 0.1 percent.
An unspectacular reading for new business and employment growth in the U.S. services sector, along with an unexpected drop in U.S. pending home sales for June, weighed on trading. Continuación...