European shares regain some poise, quarter-end eyed
LONDON, March 26
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.
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters press on |
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Singapore hit by rare outbreak of rioting, 27 arrested |
- Venezuela's Maduro to raise pressure on business after local vote