European shares steady after China data; oil stocks boost FTSE

* China March exports rebound to five-month high

* DAX outperforms region's markets

* Airbus boosts STOXX

By Medha Singh and Agamoni Ghosh

April 12 (Reuters) - European shares traded flat on Friday,as investors took some comfort from signs of stabilization inChina's economy before the earnings season begins in the UnitedStates.

The pan-European STOXX 600 index .STOXX was little changedat 0939 GMT, still on track to end the week lower after twoweeks of gains. London's FTSE .FTSE was up 0.4 percent,supported by oil and mining stocks. .L

China's exports rebounded to a five-month high in March, butimports shrank for a fourth straight month and at a faster pace,painting a mixed picture of the economy.

"The markets seems to have shaken off the negative aspectsof the Chinese trade data, but it's a minor rise at the end of afairly limp week," said Connor Campbell, an analyst at Spreadex.

Airbus AIR.PA gained as its new chief executive, GuillaumeFaury, imposed a simplified management structure and a manifestofor factory modernisation.

Auto parts .SXAP and basic resources .SXPP stocks alsogained. Rio Tinto RIO.L and GlencoreGLEN.L drove Britain'sblue-chip index higher.

GN Store NordGN.CO rose 7 percent after the Danishaudio-maker raised financial guidance. Medical technologysupplier Carl ZeissAFXG.DE climbed 5.3 pct on strongfull-year guidance.

Swiss train and carriage manufacturer Stadler RailSRAIL.S jumped 9.4 percent after its debut on the SIX Swiss Exchange.

London-based online trading platform Plus500PLUSP.L tumbled 23 percent as revenue for the first quarter dropped toaround a fifth of last year's, hurt by a fall in tradingvolumes.

Its results dragged shares of rivals IG GroupIGG.L andCMC Markets CMCX.L down more than 3 percent each.

Banco Santander SAN.MC and UniCreditCRDI.MI paredearlier losses. Bank stocks .SX7P reversed course to rise 0.5percent.

Banco Santander SAN.MC announced an offer to buy the 25percent stake it doesn't own in its Mexican unit in an all-sharedeal worth around 2.6 billion euros ($2.93 billion).

Italy's biggest bank, UniCreditCRDI.MI , said it is one ofthe banks accused of running a cartel in trading euro zonegovernment bonds between 2007 and 2012, when financial crisesdragged down banks and several European economies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.