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European shares steady, Burberry gains

Thursday, 11 Oct 2012 | 3:25 AM ET

LONDON, Oct 11 (Reuters) - European shares steadied after cutting earlier losses on Thursday as gains in stocks such as French retailer Carrefour and British luxury goods group Burberry enabled a key European equity index to recover.

The FTSEurofirst 300 index edged into positive territory, rising by 0.1 percent, although the euro zone Euro STOXX 50 index remained down by around 0.3 percent.

Carrefour gained 4.6 percent, while Burberry was up 5.8 percent.

(Reporting by Sudip Kar-Gupta)

((sudip.kargupta@thomsonreuters.com)(+44 207 542 9795 /+44 207 542 7717)(Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net))

Keywords: MARKETS EUROPE STOCKS/RISES