European shares retreat from 4-month highs


08/08/2012 11:40 AST  Reuters

European shares weakened on Wednesday, retreating from more than four-month highs hit in the previous session, although expectations that central banks could provide further support to boost ailing economies were seen likely to stem any weakness.

The FTSEurofirst 300 was off 0.2 percent at 1,091.99 by 0814 GMT, having closed up 0.8 percent at 1,094.19 points on Tuesday, its highest closing level since March 19.

"Sentiment is still broadly cautious - people realise there are still a lot of hurdles to be overcome. But investors can't ignore potential stimulus from central banks and what impact that's had on stock markets in the past," Keith Bowman, equity analyst at Hargreaves Lansdown, said.

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