European stocks edge lower after rally, German utilities shine

lunes 12 de octubre de 2015 07:06 GYT

* RWE and E.ON both surge by more than 10 pct

* German utilities pass "stress test" on nuclear plan

* FTSEurofirst 300 and Euro STOXX down 0.2 pct

* Rolls Royce, Safran hit by reports of probe into sector

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Oct 12 (Reuters) - European shares nudged lower on Monday but remained close to one-month highs reached after a rally last week, with German utilities soaring on easing concerns over nuclear costs.

E.ON and RWE both rose more than 10 percent in their biggest one-day bounce in seven years after Berlin concluded the companies had set aside enough money to decommission their nuclear plants.

The pan-European FTSEurofirst 300 index was down 0.23 percent and the euro zone's blue-chip Euro STOXX 50 index fell 0.23 percent.

Traders said that it was no surprise some investors were taking profits following last week's gains, while Japanese markets were closed for a holiday and the United States was celebrating Columbus Day.   Continuación...