May 30, 2011 / 7:07 AM / 6 years ago

CORRECTED - Europe stocks dip early; German utilities hit

(Corrects to show Sebastian Zank is an analyst at Silvia Quandt Research, not MM Warburg)

PARIS, May 30 (Reuters) - European stocks dipped in early trade on Monday, as German utilities fell after a government decision to shut all the country's nuclear reactors by 2022 in the wake of Japan's Fukushima disaster.

Volumes, however, were expected to be thin as both U.S. and UK markets are closed for a public holiday.

At 0704 GMT, the FTSEurofirst 300 .FTEU3 index of top European shares was down 0.1 percent at 1,133.74 points, trimming the previous session's gains.

"Although it has been rumoured for quite a while that the extension of the life span of German nuclear power plants will be revised again the outcome of the final exit from nuclear power comes to the detriment of German utilities E.ON and RWE," Silvia Quandt Research analyst Sebastian Zank said.

RWE (RWEG.DE) lost 2.1 percent and E.ON (EONGn.DE) fell 2.4 percent.

Reporting by Blaise Robinson. Additional reporting by Josie Cox in Frankfurt; Editing by Erica Billingham

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