* FTSEurofirst 300 flat after setting 6-year highs
* Dax hits all-time high
* Strong results from Richemont, Aegon, H&M help support
By Francesco Canepa
LONDON, May 15 European stocks turned flat as
upbeat corporate earnings from blue chips such as jeweller
Richemont contrasted with mixed GDP figures.
Traders were looking to euro zone GDP and inflation figures,
both due at 0900 GMT, to gauge the odds of more monetary
stimulus from the European Central Bank. The prospect of ECB
action has lifted stocks in the past week.
Insurers Aegon, clothing retailer H&M and
jeweller Richemont traded from 2.4 percent to 4.7
percent higher after releasing their results.
"Results will provide support, but the focus today is on the
economic data," Mike Reuter, a broker at Tradition said. A
weaker euro zone GDP reading could be seen as creating room for
fresh stimulus in June, supporting stocks, he said.
The pan-European FTSEurofirst 300 index was flat at
1,368.06 points at 0820 GMT after reaching a fresh six-year high
at 1,372.81 points earlier in the session. Germany's Dax
was also flat after hitting an all-time high at
Over the past week, European indexes have been boosted by
speculation the ECB may cut rates and announce other measures at
its June meeting. The central bank has said any move would
depend on economic data, putting the euro zone GDP figures and
inflation figures under scrutiny.
France's and Italy's GDP readings came in under forecasts.
But German economic growth doubled to 0.8 percent quarter on
quarter, beating consensus estimates.
Europe bourses in 2014: link.reuters.com/pap87v
Asset performance in 2014: link.reuters.com/gap87v
Today's European research round-up
(Additional reporting by Blaise Robinson in Paris; Editing by