EDINBURGH, June 27 European shares steadied on
Friday, supported by gains in British engine maker Rolls-Royce
but still set for its first weekly drop since April.
Rolls Royce gained 1.1 percent after Reuters exclusively
reported that Airbus is close to a decision to upgrade
its A330 with engines provided by the UK-listed company.
The pan-European FTSEurofirst 300 was flat at
1,370.08 by 0706 GMT, leaving it down 1.8 percent for the week.
The index looks set to snap a 10-week winning streak, which
had been its longest since the middle of 2012.
The FTSEurofirst 300 closed down 0.1 percent at 1,370.38 on
Thursday, retreating further from a 6-1/2 year high hit last
week after U.S. Federal Reserve official James Bullard suggested
the U.S. economy would be strong enough to bear a rate rise in
The comments came despite weak U.S. consumer spending data,
which prompted a cut in growth forecasts and hit global stocks.
(Reporting by Alistair Smout; Editing by Atul Prakash)