European shares slip off highs as autos fall and Greek worries linger

lunes 23 de marzo de 2015 10:59 GYT

* FTSEurofirst 300 down 0.9 pct, after gaining 0.8 pct on Friday

* Pirelli rises after takeover bid from ChemChina

* Euro's rebound after slump impacts auto stocks

By Sudip Kar-Gupta

LONDON, March 23 (Reuters) - European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits.

The STOXX Europe 600 Autos Index, which has risen around 30 percent this year, underperformed. Volkswagen fell 3 percent while Peugeot declined 2.1 percent.

The euro has fallen about 25 percent against the dollar over the past year, helping the auto industry by making exports cheaper.

However, the euro rebounded on Monday after comments by U.S. Federal Reserve officials, who said it was unclear how much more the dollar would strengthen against the euro.

Traders said that lingering uncertainty over Greece was also pegging back European stock markets.   Continuación...