European shares retreat from three-month high as China wobbles
* FTSEurofirst 300 down 0.26 percent
* Mining shares lead declines after China profits miss
* Bets on ECB action support the market
* Altice bounces after winning EPL rights
By Alistair Smout
LONDON, Nov 27 (Reuters) - A leading European share index retreated from a three-month high on Friday, hit by a drop in shares of mining companies after a slump in Chinese equities. Anticipation of further stimulus by the European Central Bank next week helped to cushion the fall.
The FTSEurofirst 300 ended down 0.26 percent at 1,512.32, after posting its highest close since August on Thursday.
Mining stocks fell the most, declining 2.7 percent. China, the world's biggest consumer of metals, saw stocks slide over 5 percent after a regulatory crackdown and deteriorating industrial profits data.
Anglo American led the decline, falling 8.2 percent after shutting down an Australian coal mine. Continuación...