European shares pause after two-day rise; Zodiac rallies

martes 25 de noviembre de 2014 04:34 GYT
 

* FTSEurofirst 300, Euro STOXX 50 both flat

* "Overbought" euro zone indexes pause after two-day rise

* Oil companies weigh as crude drops

* Kingfisher down, Zodiac up after updates

By Francesco Canepa

LONDON, Nov 25 (Reuters) - European shares marked time on Tuesday after a two-day rise that left some regional indexes in technical "overbought" territory.

An unexpected rise French industry morale helped put a floor on the market, however, building on a strong German business sentiment survey on Monday.

The euro zone Euro STOXX 50 was flat at 3,212.26 points. Germany's DAX was up 0.1 percent while France's CAC down 0.1 percent.

All three indexes closed in "overbought" territory on Monday, based on their 7-day Relative Strength Index, a momentum indicator which compares the magnitude of rises and falls in prices.   Continuación...