European shares steady, strong results boost Melrose and Subsea

LONDON (Reuters) - European shares steadied early on Thursday, pausing after a strong rally in the previous session, with strong earnings updates driving shares in Melrose Industries and Subsea 7.The pan-European STOXX 600 index was flat in percentage terms by 0826 GMT. Basic resources stocks were again the top gainers, up 1 percent, after a more than 2.9 percent rise on Wednesday.

from Reuters: Top News http://uk.reuters.com/article/uk-europe-stocks-idUKKBN1690W6?feedType=RSS&feedName=topNews