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European shares briefly turn positive in early trade

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(Globalpost/GlobalPost)

LONDON, March 1 (Reuters) - European shares briefly turned positive in jittery early trade on Friday as investors weighed some solid corporate numbers and a strong print on Spanish data against looming U.S. budget cuts and weak Chinese numbers.

The pan-European FTSEurofirst 300 hit a session high of 1,172.57 points before dipping back into the red, to trade down 0.1 percent at 1,170.65 points by 0827 GMT.

"The market is open for a pullback, but as soon as it goes lower everyone just scrambles back in to buy," said Martin Tormey, head of equity trading at Goodbody Stockbrokers.

http://www.globalpost.com/dispatch/news/thomson-reuters/130301/european-shares-briefly-turn-positive-early-trade