E.ON and Swiss Life prop up European stock markets

miércoles 13 de agosto de 2014 06:45 GYT
 

* E.ON and Swiss Life rise as results beat forecasts

* Nagging worries over Ukraine crisis limit gains

* FTSEurofirst 300 edges up 0.3 percent

By Sudip Kar-Gupta

LONDON, Aug 13 (Reuters) - European stock markets were steady on Wednesday, supported by gains in utility E.ON and reinsurer Swiss Life shares after forecast-beating results.

However, nagging worries about tensions over Ukraine, where Kiev forces have been fighting pro-Russian separatists, limited the market's rebound from a recent sharp slide.

The pan-European FTSEurofirst 300 index, which had hit a 6-1/2 year high in late June but then fell back by some 5 percent due to the uncertainty over Ukraine, edged up by 0.3 percent to 1,324.15 points in midsession trading.

A 4.1-percent rise at E.ON gave one of the biggest lifts to the FTSEurofirst 300.

Even though E.ON posted a drop in interim profits, with a warning over the impact of the Ukraine crisis on its Russian business, its shares rose as the results beat analysts' forecasts.   Continuación...