LONDON Jan 7 European equities steadied in
early trading on Tuesday after a fall in the previous session,
buoyed by a rise in banking stocks on the back of strong
European economic data.
The STOXX Europe 600 banking index extended recent
gains and rose 0.3 percent as strong German retail sales added
to a string of upbeat data, fuelling expectations about a pick
up in economic activity.
At 0813 GMT, the pan-European FTSEurofirst 300 index
was flat at 1,309.16 points after falling 0.2 percent
in the previous session.
Among individual stocks, Danish shipping and oil group A.P.
Moller-Maersk rose 4.7 percent after selling 48.68
percent of Dansk Supermarked, the largest retailer in Denmark,
and 18.72 percent of department store chain F. Salling, to
retail holding The Salling Companies.