European shares steady as Banco Popular cash call hits banks
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* STOXX 600 flat after touching 4-week high in previous session
* Bank sector weighed down by Banco Popular rights issue
* Miners top sectoral gaines, but oil stocks slip back
* ArcelorMittal rallies after upbeat note from Goldman
By Danilo Masoni and Alistair Smout
MILAN/LONDON, May 26 (Reuters) - European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular fuelled fears others in the region may follow to strengthen their balance sheets.
The pan-European STOXX Europe 600 was little changed by 1433 GMT, while the FTSEurofirst 300 added 0.1 percent. Both hit a four-week high in the previous session, helped by a two-day rally in banking stocks.
Europe's banking sector index gave up part of those gains, falling 0.7 percent after Banco Popular announced a 2.5 billion euro cash call, which caught some investors by surprise. Its shares fell 25 percent. Continuación...