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You're reading: European shares edge lower after recent highs
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By 0704 GMT, the FTSEurofirst 300 was down 1.91 points, or 0.2 percent at 1,104.81, having hit a fresh 13-month intraday high on Friday on enthusiasm over the European Central Bank’s bond-buying plan.

“Our medium term view is still bullish for equity markets but in the short-term we see some consolidation as we await the ESM court decision in Germany, the outcome of elections in Holland and the FOMC meeting in the U.S.,” said Achim Matzke, European stock indexes analyst at Commerzbank.

Investors will focus on a number of events expected in Europe during the week, including Germany’s constitutional court ruling on the legality of the euro zone’s permanent financial rescue fund.

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