European shares hold steady after brisk 2-1/2 week rally

miércoles 27 de agosto de 2014 03:57 GYT
 

* FTSEurofirst 300 up 0.02 pct, Euro STOXX 50 down 0.1 pct

* Marine Harvest results hit by Russian sanctions

* Charts show bullish signals for European indexes

* Schaeuble says Draghi "over-interpreted"

By Blaise Robinson

PARIS, Aug 27 (Reuters) - European shares were steady in early trade on Wednesday, pausing after a 2-1/2 week rally, with data showing German consumer morale falling for the first time in more than 1-1/2 years denting investors' appetite for stocks.

The impact of the Ukrainian crisis and tensions between the West and Moscow were visible again in European company results on Wednesday. Marine Harvest, the world's largest salmon farmer, said it expected Russian sanctions to pose short-term challenges. Its shares fell 1.1 percent.

Market research group GfK said on Wednesday its forward-looking consumer sentiment indicator, based on a survey of around 2,000 Germans, fell to 8.6 going into September from a downwardly revised 8.9 in August.

It was the biggest drop in more than three years and below the consensus forecast in a Reuters poll of 30 economists for 9.0, undershooting even the most pessimistic estimate of 8.7. GfK said it was the first decline since January 2013.   Continuación...