European stock rally stalls, drops from January high

martes 18 de febrero de 2014 08:25 GYT

* FTSEurofirst 300 down 0.2 pct

* Index rallies off lows after German ZEW

* Alstom drops on capital hike talk

* BHP fails to lift miners after strong rally

By Alistair Smout and Joshua Franklin

LONDON, Feb 18 (Reuters) - Europe's top shares fell on Tuesday, led down by construction firms, with a key index set for its biggest fall since the beginning of the month following a two-week rally.

The pan-European FTSEurofirst 300 was down 0.2 percent at 1,333.94 at 1215 GMT, just off its highest level in three weeks, and down for only the second time in 10 sessions.

The index rallied off intraday lows after German ZEW sentiment data. Although the release was mixed, the German DAX slowly pared losses after ZEW President Clemens Fuest said a drop in headline sentiment "must not be overstated".

"It's a rather muddled set of numbers. Confidence is waning a little bit but I think Germany is a powerhouse and you shouldn't really be worried about Germany," said Joe Rundle, head of trading at ETX Capital.   Continuación...