European 株 slip from 7-1/2 year high
By Blaise Robinson
PARIS, March 23 (Reuters) - European 株 slipped on Monday, taking a breather に引き続いて 最近の sharp 伸び（る）s, while 株 in Pirelli rose 3.5 パーセント after 中国 国家の 化学製品 Corp agreed to buy the tyre 製造者 in a 7.1 billion euro ($7.66 billion) 取引，協定.
The 取得／買収, agreed with Pirelli 株主s on Sunday, will see 明言する／公表する-owned ChemChina take over the world's fifth-largest tyre 製造者 and one of the symbols of Italy's 製造業の 産業.
At 0849 GMT, the FTSEurofirst 300 索引 of 最高の，を越す European 株 was 負かす／撃墜する 0.5 パーセント at 1,602.62 points, after climbing 0.8 パーセント on Friday and hitting a 7-1/2 year high.
"Markets are taking a breather, and there's just no 肯定的な catalyst seen in the short 称する，呼ぶ／期間／用語," Saxo Bank 仲買人 Andrea Tueni said.
"In 親族 条件, 公正，普通株主権s remain very attractive versus 社債s, but after such a 決起大会／結集させる people are tempted to just 調書をとる／予約する some 利益（をあげる）s, 特に ahead of Tsipras's visit to Berlin," he said.
Greek 総理大臣 Alexis Tsipras is 始める，決める to 会合，会う German （ドイツなどの）首相／（大学の）学長 Angela Merkel in his first 公式訪問 to Berlin on Monday まっただ中に a 引き分け between Athens and its euro zone creditors over the 条件 of its 240 billion euro bailout 取引，協定s.
投資家s were also keeping a の近くに 注目する，もくろむ on the euro, 貿易（する）ing at $1.0790 against the dollar on Monday, above a 12-year 気圧の谷 of $1.0457 攻撃する，衝突する last week.
European 在庫／株s have been 堅固に 決起大会／結集させるing since the start of the year -- wi th Germany's DAX up 22 パーセント, on 跡をつける to 記録，記録的な／記録する its best ４半期/4分の1 in 12 years -- as 全世界の 投資家s bet that a 女性 euro would 上げる the 地域's economy and 法人組織の／企業の 収入s.
The euro has fallen by about 25 パーセント against the dollar over the past year. This should give euro zone companies a major 解除する as 概略で 50 パーセント of euro zone 収入s come from outside the 地域.
But after its 最近の strong 決起大会／結集させる, a stabilisation of the dollar に引き続いて on more dovish トン from the U.S. 連邦の Reserve is 始める，決める to 誘発する／引き起こす a 転換 in market leadership, JP Morgan strategists said.
"Euro 輸出業者s did very 井戸／弁護士席, but are not attractively 定価つきの anymore, and the 本体，大部分／ばら積みの of the foreign 交流 support might be behind us," the strategists wrote in a 公式文書，認める, cutting the 高級な 部門 to '中立の' from 'overweight' and 繰り返し言うing their 推薦 to take 利益（をあげる）s on the 自動車 部門.
株 in Louis Vuitton owner LVMH dropped 2.9 パーセント on Monday and Christian Dior fell 3.6 パーセント.
株 in 自動車製造業者s also lost ground, with both Renault and Daimler 負かす／撃墜する 1.9 パーセント.
株 in Deutsche Bank's bucked the 傾向, rising 3.2 パーセント. The German 貸す人's 小売 操作／手術s will 耐える the brunt of its planned 再編成 and will most likely be spun off in a 株式市場 名簿（に載せる）／表（にあげる）ing, two sources familiar with 内部の discussions said on Saturday.
Europe bourses in 2015: http://link.reuters.com/pap87v
資産 業績／成果 in 2015: http://link.reuters.com/gap87v
Today's European 研究 一連の会議、交渉／完成する-up ($1 = 0.9268 euros) (Editing by Andrew Heavens)
