European shares steady in early trading, miners advance

lunes 8 de febrero de 2016 04:18 GYT
 

LONDON Feb 8 (Reuters) - European shares steadied in early trading on Monday after steep losses in the previous week, with some encouraging company updates and stronger mining stocks underpinning the market.

Miners were in demand after aluminium prices rose 0.7 percent and copper trimmed losses. The STOXX Europe 600 Basic Resources index - which houses major mining stocks - advanced 1 percent, the top sectoral gainer.

Casino shares rose 5 percent after the French retailer said it had agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion euros excluding debt to Thailand's TCC Group.

By 0814 GMT, the pan-European FTSEurofirst 300 index was flat in percentage terms at 1,283.17 points, after falling 4.8 percent last week. The broader STOXX Europe 600 index was also flat. (Reporting by Atul Prakash; Editing by Sudip Kar-Gupta)