European shares regain some poise, quarter-end eyed

LONDON, March 26 Tue Mar 26, 2013 4:17am EDT

LONDON, March 26 (Reuters) - European shares steadied on Tuesday, with some investors using the previous sessions' steep sell-off to buy back into the market, but uncertainties about the broader implications of the Cyprus bailout kept a lid on any gains.

The FTSEurofirst 300 was flat at 1,186.48 points by 0814 GMT .

"We hooked masses of selling yesterday afternoon, but in the absence of a 'bad news chaser', now we can have the quarter-end rally, so watch those new shorts being squeezed," said Justin Haque, broker at Hobart Capital Markets.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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