European shares fall from highs on weaker autos

martes 17 de marzo de 2015 10:49 GYT

* FTSEurofirst 300 down 0.9 pct, below 7-1/2 year high

* Peugeot falls as car sales growth lower than sector

* DAX underperforms as ZEW survey lower than expected

By Atul Prakash

LONDON, March 17 (Reuters) - European shares retreated from a 7-1/2-year high on Tuesday, with PSA Peugeot Citroen leading automakers lower after the release of car sales data and a disappointing German economic sentiment survey.

Germany's DAX, down 1.6 percent, underperformed the broader market after hitting a new record high in the previous session. The pan-European FTSEurofirst 300 index was down 0.9 percent at 1,580.78 points at 1430 GMT, after hitting a multi-year high of 1,598.03 earlier in the session.

The STOXX Europe Automobiles and Parts index fell 1.4 percent, dragged down by a 4.6 percent fall in Peugeot after the automaker's vehicle sales rose less than the sector in February.

"The new car sales from Peugeot are disappointing. Peugeot underperformed the European auto market in February with an increase limited at 1.1 percent," a Paris-based trader said.

Data from the Association of European Carmakers (ACEA) showed new car registrations in Europe rose 7 percent in the month of February, fuelled by double-digit sales growth in Italy and Spain.   Continuación...