Portugal powers past weaker European equities

martes 6 de mayo de 2014 12:54 GYT
 

* Lisbon's PSI-20 equity index outperforms to rise XX pct

* Portuguese market buoyed by signs of economic recovery

* FTSEurofirst 300 falls 0.3 pct to 1,343.23 points

* Credit Suisse cuts Germany to "benchmark" vs "overweight"

* Backdrop of M&A activity cushions stock markets

By Sudip Kar-Gupta

LONDON, May 6 (Reuters) - European stock markets fell broadly on Tuesday, apart from Lisbon which swam against the tide in response to new signs of economic recovery which buoyed the country's bourse.

The pan-European FTSEurofirst 300 index, which had reached a near 6-year high of 1,357.05 points earlier this month, closed down by 0.3 percent at 1,343.23 points.

The euro zone's blue-chip Euro STOXX 50 index also fell 0.7 percent while Germany's DAX, which hit a record high of 9,794.05 points in late January, slipped 0.7 percent to 9,467.53 points.   Continuación...