European equities steadied on Thursday, as earnings upgrades lifted shares such as Credit Suisse while disappointing results hit others including Aberdeen Asset Management and SSE, Reuters reported. The FTSEurofirst 300 index of top European shares was down 0.05 percent at 1,585.59 points by 1028 GMT. The benchmark index had fallen 0.6 percent in the previous session, dragged lower by tech stocks after Apple Inc's revenue forecast fell short of estimates. Credit Suisse rose 6.7 percent, the top gainer in the FTSEurofirst 300 index and on track for its biggest one-day percentage gain since March. It had earlier posted better-than expected earnings and improvements to its capital cushion ahead of a strategy shake-up under its new chief executive. The STOXX Europe 600 index trades at 15.7 times its 12-month forward earnings, against 16.7 times for the U.S. S&P 500 index, according to Thomson Reuters Datastream.
