European shares little changed after two sessions of losses

European shares were little changed on Monday after two sessions of losses, with weaker miners offsetting positive E.ON and RWE shares, which rose after German election results.

At 0714 GMT, the FTSEurofirst 300 index of top European shares was largely unchanged at 983.79 points after falling 0.4 percent in the previous session. The index is up about 18 percent this year and has surged 52 percent since hitting a record low in early March.

E.ON rose 4.3 percent and RWE was up 3.6 percent. Analysts said the energy suppliers might see support due to potentially longer lifetimes for German nuclear power plants as a result of the German election.

German Chancellor Angela Merkel's conservatives clinched a parliamentary majority with the pro-business Free Democrats, her partner of choice, in an election on Sunday which brings to an end her four-year-old partnership with her rivals, the Social Democrats.

But analysts advised caution as the market fell in the previous two sessions.

"One can sense an air of edginess across the markets, as the bullish run appears to have run out of steam," said John Murphy, analyst at ODL Securities.

Miners fell as metals prices declined. BHP Billiton, Anglo American, Antofagasta, Rio Tinto, Xstrata and Eurasian Natural Resources fell 0.3-1.5 percent.