BRIEF-Josef Mandelbaum to step down as CEO of Perion
* Says board of directors has begun a search for company's next CEO Source text for Eikon: Further company coverage:
LONDON Jan 16 Europe's top shares opened lower on Wednesday with indexes consolidating around mutli-month highs and near technically "overbought" territory as sovereign risks remain a cloud on the horizon.
By 0800 GMT, the FTSEurofirst 300 was down 1.62 points, or 0.1 percent, at 1,158.60, lingering near 22-month highs but with the index flat-lining in the short-term term since hitting "overbought" territory just over a week ago.
The euro zone blue chip index has stalled too, around its own 18-month highs, awaiting catalysts to drive further a rally which has seen shares gain more than 30 percent since June.
With fiscal concerns continuing in the United States and with much of Europe still in recession, Mark Pignatelli, Smith & Williamson European Growth Trust fund manager, said an end to both of those issues in the coming months would be needed to drive the next leg of the equity rally.
"PMIs are still in recessionary territory but they are improving ... Over the next few months investors will look through the bottom of the trough and recognise that equities are perfectly solvent assets in a environment which is not growing fast but is ok," he said.
MUMBAI, Sept 27 Google, a unit of Alphabet Inc , said on Tuesday it launched Google Station in India, a service that aims to deepen its reach across the country, as the search giant seeks to bring more people on to its Google platform.
Sept 27 Britain's FTSE 100 index is seen opening up 44 points on Tuesday, or as much as 0.7 percent, according to financial bookmakers, with futures also up 0.7 percent ahead of the cash market open.