European shares little changed; Deutsche Bank, autos up
* FTSEurofirst 300 index up 0.1 percent
* Deutsche Bank seen avoiding capital increase, up 0.4 pct
* Auto sector index set for best week since 2011
* Telefonica down on reported mobile merger doubts
By Sudip Kar-Gupta and Danilo Masoni
LONDON/MILAN, Oct 8 (Reuters) - European shares were little changed on Thursday after days of gains, with profit taking across several sectors offset by stronger auto stocks, while Deutsche Bank was volatile after rigorously cleaning up its balance sheet.
The pan-European FTSEurofirst 300 index was up 0.1 percent and the euro zone's blue-chip Euro STOXX 50 index was 0.05 percent lower.
Peregrine & Black senior sales trader, Markus Huber, said some investors with "long" positions - betting on a rise in the market - may look to cash in at this juncture.
"Overall sentiment is neutral today. In light of the recent strong run-up in share prices there is plenty of less positive news out which will provide 'longs' with a welcome excuse to take some money off the table," he said. Continuación...