European shares lower as energy stocks extend losses, Actelion up
(Adds details, updates prices)
* FTSEurofirst 300 falls around 0.5 pct
* Actelion up after raising earnings forecast
* Athens index outperforms on stronger banks
* UniCredit lifted by Austria asset sale reports
By Danilo Masoni and Sudip Kar-Gupta
LONDON/MILAN, Oct 20 (Reuters) - European shares fell on Tuesday after reaching five-week highs the day before as energy stocks extended losses, but biotech firm Actelion rose after lifting its profit outlook.
The pan-European FTSEurofirst 300 index ended down 0.45 percent and the euro zone's blue-chip Euro STOXX 50 index fell 0.5 percent.
Traders said shares dropped as investors took profits in the absence of anything to justify extending the recent gains. The focus remains on U.S. earnings and the European Central Bank meeting this week. Continuación...