Takeover activity keeps European shares steady

viernes 2 de mayo de 2014 04:11 GYT

* Dt Telekom rises on T-Mobile US bid speculation

* Backdrop of M&A activity keeps European shares steady

* U.S jobs data eyed at 1230 GMT

* FTSEurofirst 300 edges down 0.1 pct

By Sudip Kar-Gupta

LONDON, May 2 (Reuters) - New signs of corporate takeover activity kept European stock markets steady on Friday, although many investors were reluctant to add big positions before U.S. jobs data later in the day.

The pan-European FTSEurofirst 300 index, which last month hit its highest level since June 2008, was off just 0.1 percent at 1,352.88 points in early session trading.

The euro zone's blue-chip Euro STOXX 50 index dipped 0.3 percent to 3,188.48 points. Both the FTSEurofirst 300 and the Euro STOXX 50 are still up by more than 2 percent since the start of 2014.

Equity markets have drifted higher over the last week as signs of blockbuster merger and acquisition (M&A) deals have propped up the stock markets.   Continuación...