Hermes slips as European shares dip below multi-year highs

miércoles 25 de marzo de 2015 06:52 GYT
 

* FTSEurofirst 300 hovers below 7-1/2 year high

* Steel producers rally after EU says to impose duties

* DAX impacted as euro rises on strong German data

By Blaise Robinson and Sudip Kar-Gupta

PARIS, March 25 (Reuters) - European shares retreated further from 7-1/2-year highs hit last week as a rebound in the euro pegged back stock markets, while Hermes lost ground after disappointing results.

Shares in the French luxury goods maker fell 1 percent after Hermes, which has a strong business presence in Japan, said foreign exchange rates had impacted its margins.

Germany's DAX equity index, which hit a record high of 12,219.05 points last week, fell 0.3 percent to 11,965.67 points.

Data on Wednesday showed German business morale rose for the fifth month in a row in March, hitting its highest level since July 2014, while French business morale stood at its highest in nearly three years in March.

On Tuesday, figures showed Germany's private sector grew in March at its strongest rate since July.   Continuación...