German DAX hits record high
Energy, miners shares hit multiweek lows
Ericsson climbs after Q3 core profit beat
Deutsche Bank falls after Goldman carries out stock sale

Oct 15 Reuters European shares turned lower after hitting an over twoweek high earlier on Tuesday, weighed down by mining and energy stocks, with investors also monitoring the corporate earnings season and the central bank39;s interest rate decision due later this week.

The panEuropean STOXX 600 index was down 0.1, as of 0820 GMT. Leading the losses, energy stocks slumped nearly 3 as oil prices slid after a media report said Israel will not strike Iran39;s oil facility, easing fears of supply disruptions.

Shares of basic resources dropped more than 2 to their lowest levels in three weeks amid weak copper prices.

The STOXX 600 has climbed around 9 so far this year, but lagging behind the doubledigit gains in U.S. counterpart SP 500 Index, as the euro zone navigates its downbeat economic state and fell short of the AIled euphoria seen on the Wall Street.

Investors are more focussed on the generally easing inflation than geopolitical tensions, said Elwin de Groot, Rabobank39;s head of macro strategy.

The economy losing a bit of its growth momentum, but not really collapsing, creating conditions of further decline in interest rates and that is being reflected in the stronger outlook for equities, Groot said.

Germany39;s benchmark index hit a record high, outperforming most of the regional bourses,…