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.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.