European shares subdued as investors weigh earnings

lunes 28 de julio de 2014 07:20 GYT

* FTSEurofirst 300 flat, Euro STOXX 50 up 0.1 pct

* Geopolitics, U.S. visibility keep activity subdued

* Ryanair, Reckitt outperform on earnings, dealmaking

* German market underperforms on Russia exposure

By Lionel Laurent and Blaise Robinson

LONDON/PARIS, July 28 (Reuters) - European stocks traded flat on Monday, with strong earnings updates from firms like Ryanair and spin-off talk from Reckitt Benckiser balancing concerns over the implications of new international sanctions on Russia.

European equities have barely budged from their levels at the end of June, holding back from new multi-year highs on doubts over the pace of economic recovery in the euro zone and the impact of conflicts in Ukraine and across the Middle East.

At 1055 GMT, the pan-European FTSEurofirst 300 index was flat at 1,372.24 points, while the euro zone's blue-chip Euro STOXX 50 index was up 0.1 percent.

Sentiment was subdued overall, with investors looking ahead to a busy week of data and earnings from the U.S. and digesting a recent batch of mixed trading updates from European firms.   Continuación...