Europe shares pause after sell-off; UK retailers sag

jueves 13 de marzo de 2014 08:13 GYT

* FTSEurofirst 300 down 0.03 pct, Euro STOXX 50 up 0.02 pct

* Italian shares outperform as bond yields hit record low

* Morrison's warning sets off sell-off among UK retailers

* Worries over Chinese growth, Ukraine weigh on sentiment

By Blaise Robinson

PARIS, March 13 (Reuters) - European stocks were steady on Thursday, halting their two-week slide, although a sell-off among UK retailers after a profit warning by Morrison's kept investors on edge.

Worries over China's pace of economic growth as well as tensions in Ukraine also weighed on sentiment. However, Italian stocks bucked the trend, rallying as the country's bond yields fell to record lows at an auction, highlighting the strong appetite for Italy's financial assets.

Milan's FTSE MIB stock index was up 0.7 percent, as Italy sold 7.75 billion euros in bonds and paid record low yields on three- and 15-year debt, a day after the government of new Prime Minister Matteo Renzi approved sweeping tax cuts in a bid to boost the stagnant economy.

Shares in utility Enel were up 3.2 percent and Telecom Italia added 0.9 percent.   Continuación...