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European shares steadied in early trading on Friday as a rise in mining stocks on the back of firmer metals prices underpinned the market, although some major stock indexes remained set for their worst week in about five months.
The pan-European STOXX Europe 600 index was up 0.05 per cent by 0712 GMT. However, it has fallen more than 3 per cent so far this week and remained on track for its biggest weekly percentage drop since the middle of February.
However, miners were in demand, with the STOXX Europe 600 Basic Resources index rising 1.1 per cent, the top sectoral gainer, after the prices of major industrial metals advanced. Rio Tinto, Anglo American and Glencore rose 1.1 to 2.2 per cent.
Among other sharp movers, Air France-KLM fell 4.2 per cent after saying its June traffic fell 2.1 per cent, while TDC rose 6 per cent after financial daily Borsen reported a foreign buyout house was eyeing a possible takeover of Denmark's top telecom operator.
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