European shares pause for breath after gains last week

News Snapshot:

Shares of Rolls-Royce rose after JP Morgan upgraded the engineering firm to overweight, the equivalent of a buy recommendation, from neutral. Photograph: Rolls Royce/PA European shares dipped on Monday as they paused for breath after a strong showing last week, with miners and energy among the weakest performers as they were hurt by weak commodity prices. The pan-European Stoxx 600 slipped 0.1 per cent, after touching a fresh four-month high in early trade and posting its third straight weekly gain on Friday. DUBLN The Iseq declined by 0.4 per cent to 8.431.07. Banking stocks were in focus, with AIB and...