European shares pare early losses as banks rally
PARIS, Oct 3 (Reuters) - European stocks pared early losses and turned flat on Wednesday morning, as banking stocks rallied on expectations that Spain will soon request a bailout, offsetting worries about Chinese economy following grim macro data.
At 0930 GMT, the FTSEurofirst 300 index of top European shares was up 0.04 percent at 1,102.35 points after losing as much as 0.4 percent in early trade.
Deutsche Bank was up 2.3 percent and UniCredit
up 1.6 percent.
(Reporting by Blaise Robinson)
Keywords: MARKETS EUROPE STOCKS/