European shares mixed, weighed down by underperforming periphery
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* FTSEurofirst 300 flat, STOXX 600 down 0.1 pct
* Spain, Italy underperform, hit by their banks
* Commodity stocks rally after Brent hits $50
By Alistair Smout
LONDON, May 26 (Reuters) - European shares were mixed on Thursday, with banks in Italy and Spain on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November.
The STOXX Europe 600 was down 0.1 percent at 348.06, with the FTSEurofirst 300 flat. Both indexes hit a 4 week high in the previous session.
Britain's FTSE 100, France's CAC and Germany's DAX were all flat to 0.3 percent higher, but peripheral euro zone markets in Spain and Italy fell 1 and 0.6 percent respectively.
Euro zone banks fell 2.3 percent after a strong rally on Wednesday, led down by Banco Popular which slumped 20 percent after it announced a rights issue. Continuación...