European shares steady after recent rough ride, China moves help

miércoles 2 de septiembre de 2015 07:33 GYT

* China intervention helping calm market jitters -traders

* ECB meeting, Chinese holiday also seen soothing

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By Lionel Laurent and Atul Prakash

LONDON, Sept 2 (Reuters) - European equities steadied on Wednesday after a volatile start to the week, with traders pointing to Chinese brokerages' measures to support China's battered markets and expectations of policy easing by major central banks.

European stocks have suffered a bruising end to the summer, falling more than 2 percent in the last two days after dropping about 10 percent since the end of July, but brokers and investors say there is still value in high-yielding blue-chip stocks at a time of central bank bond-buying in the euro zone.

The pan-European FTSEurofirst 300 index was down 0.07 percent at 1,391.58 points by 1034 GMT. National benchmarks in London, Paris and Frankfurt were flat to 0.1 percent higher.

China, the epicentre of worries over the global growth outlook, enjoyed a late market recovery after nine Chinese brokerages pledged to buy more than 30 billion yuan of shares, according to the China Securities Journal.   Continuación...