European shares steady as Actelion advances

martes 20 de octubre de 2015 03:56 GYT

* FTSEurofirst 300 and Euro STOXX both steady

* Actelion up after raising earnings forecast

* Weak China continues to impact mining stocks

By Sudip Kar-Gupta

LONDON, Oct 20 (Reuters) - European shares were steady on Tuesday, with biotechnology group Actelion climbing after it raised its earnings forecast although mining stocks extended losses in the wake of weak China data.

The pan-European FTSEurofirst 300 index was flat while the euro zone's blue-chip Euro STOXX 50 index edged up by 0.1 percent.

Actelion rose 4 percent after it raised its full-year earnings forecast as sales of its new drug to treat pulmonary arterial hypertension beat analysts' expectations.

However, miners such as Glencore and BHP Billiton fell for the second session in a row in the aftermath of data from China on Monday, which showed that growth in the world's leading consumer of metals was at its slowest since the global financial crisis.

"There is still the legacy of the weak Chinese data that is hanging over parts of the market today," said Hantec Markets' analyst Richard Perry.   Continuación...