Europe shares hold steady; Italian stocks dip on Renzi comments

miércoles 19 de marzo de 2014 13:44 GYT
 

(Updates with closing levels, details)

* FTSEurofirst 300 down 0.1 pct, Euro STOXX 50 up 0.1 pct

* Italian stocks trim recent sharp gains

* UK insurers hurt by budget measures

* Spain's IBEX outperforms as Inditex reassures

By Blaise Robinson

PARIS, March 19 (Reuters) - European shares held steady on Wednesday, although Italian stocks slipped in strong volumes as Prime Minister Matteo Renzi said the European Union's budget deficit limit of 3 percent of economic output was outdated.

Shares in UK insurers also dropped, hurt by government plans to scrap a requirement that pension savings be used to buy an annuity. Legal & General was down 8.4 percent and Aviva down 5.1 percent after UK finance minister George Osborne announced the plans as part of the UK budget.

Miners lost ground again, with Antofagasta down 5.3 percent, falling along with copper which hit its lowest level in more than 3-1/2 years on Wednesday on worries about weaker growth and tighter credit in China.   Continuación...