CORRECTED-European shares mark time, Portugal outperforms

martes 11 de marzo de 2014 06:22 GYT
 

(Corrects spelling of name in par 5)

* STOXX Europe 600, FTSEurofirst 300 both flat

* Technical traders buy back into market as support holds

* Portugal leads risers as sovereign yields fall to 4-year lows

By Francesco Canepa

LONDON, March 11 (Reuters) - European shares steadied after a two-day slide on Tuesday, with concerns over the Ukraine crisis sapping appetite for risk, although Portuguese stocks outperformed on mounting bets for a turnaround in the country's finances.

The STOXX Europe 600 index of the region's top shares was flat at 331.40 points, keeping just above key support at 330 points, corresponding to last week's low.

This was seen by technical analysts as a sign of lingering appetite for stocks in the very short term after a 1.7 percent dip in the index over the past two days.

The STOXX's longer term prospects, however, were less clear, with the index still facing resistance at 339 points, a six-year high set earlier this month, as confrontation between Russia and Ukraine around Crimea showed no sign of easing.   Continuación...