European shares set for monthly gain despite weak energy sector

viernes 30 de octubre de 2015 05:54 GYT

* FTSEurofirst 300 and Euro STOXX 50 broadly flat

* Renault and Airbus rise after solid results

* IAG drops in spite of forecast-beating Q3

* BBVA drags Spain's IBEX lower

By Danilo Masoni

MILAN, Oct 30 (Reuters) - European shares held steady on Friday but were set for their highest monthly gain since mid-2009, with Renault and Airbus rising on solid quarterly results to offset weakness among energy stocks.

The pan-European FTSEurofirst 300 index inched 0.01 percent higher while the euro zone's blue-chip Euro STOXX 50 index < .STOXX50E> dipped by 0.03 percent.

The FTSEurofirst 300 is up more than 8 percent in October, lifted European Central Bank signals on the possibility of stronger stimulus measures.

"The market is holding well because there is a lot of short around and valuations are good," said Massimo Baggiani, head of international equity at asset manager Symphonia.   Continuación...