Germany to end evehicle subsidy programme
OCI tops STOXX after agreeing to sell IFCO for 3.6 bln
Vodafone up as Iliad offers to merge Italian units
ECB governors see no dovish pivot before March, cut before June

Dec 18 Reuters European shares slipped on Monday after strong gains last week as automobile and luxury stocks fell, while comments from major central bank officials tamped down bets of early interest rate cuts.

The panEuropean STOXX 600 edged 0.1 lower by 0922 GMT, after logging a fiveweek winning streak since April as the Federal Reserve39;s dovish pivot last week boosted rate cut bets.

Automobiles lost 0.9, with Germany39;s Mercedes Benz, BMW Group and Volkswagen shedding more than 1 each.

Germany39;s electrical vehicle subsidy programme is set to end prematurely on Monday after paying out some 10 billion euros since 2016.

Luxury giants LVMH, Richemont and Hermes were also down over 1, with the broader sector index losing 1.4.

Swedish financial services provider Nordnet dropped 5.5 to the bottom of STOXX 600 after Barclays downgraded the stock to underweight from overweight, also reducing their price target.

DiaSorin dropped 3.3 after the Italian diagnostics firm issued its 20242027 business plan.

Meanwhile, energy was the top sectoral gainer, adding 0.9, on higher crude prices.

OCI jumped 12.5, leading gains on the panEuropean index, as the Dutch chemicals maker is set to sell its stake in Iowa Fertilizer Company for 3.6 billion.

Vodafone gained…