European Factors to Watch-Shares seen retreating from highs
September 22, 2014 at 01:53 AM EDT
LONDON, Sept 22 (Reuters) - European shares were expected to retreat on Monday, mirroring losses in Asia, with some investors seen taking profits from recent highs and ahead of crucial Chinese manufacturing data on Tuesday. Flash manufacturing PMI reading from China, the world's biggest metals consumer, could come in below the 50 level, indicating that manufacturing activity is contracting. China's Finance Minister Lou Jiwei said on Sunday the country will not dramatically alter its ec