Europe shares set to post 1st weekly loss since April

viernes 27 de junio de 2014 10:44 GYT

* FTSEurofirst 300 flat, Euro STOXX 50 down 0.2 pct

* Euro STOXX 50 hits support on 50-day moving average

* Buying convertibles seen good way to avoid pull-backs

* Barclays halts sell-off sparked by U.S. dark pool lawsuit

* Reuters poll shows further equity gains expected in H2

By Blaise Robinson

PARIS, June 27 (Reuters) - European stocks were steady on Friday, halting a week-long sell-off, with Airbus rising after sources said the European plane maker is set to clinch a deal with Rolls-Royce for A330 engines.

Airbus shares were up 1.4 percent while Rolls-Royce shares were up 1.8 percent after sources told Reuters Airbus is set to upgrade its A330 with engines provided exclusively by Rolls-Royce, opening a new chapter in the fight for wide-body jet orders with Boeing's 787 Dreamliner.

At 1434 GMT, the FTSEurofirst 300 index of top European shares was flat at 1,370.21 points. The index - which has lost about 2 percent in the past five sessions, hurt by downbeat U.S. growth data as well as worries over violence in Iraq - is set to snap a 10-week long run of weekly gains, its longest winning streak since mid-2012.   Continuación...