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* Trade-sensitive tech stocks fall 0.2%
* STOXX 600 set to end Sept up 3%
* JPMorgan raises euro zone equities to "overweight"
(Adds comments; updates market action)
By Shreyashi Sanyal and Sagarika Jaisinghani
Sept 30 (Reuters) - European shares were little changed on
Monday as investors shrugged off fresh concerns about U.S.-China
trade negotiations and looming U.S. tariffs on European imports.
A report on Friday said that the United States might limit
Chinese company listings on its stock exchanges, fueling more
U.S.-China trade angst ahead of critical negotiations next
week.
Trade-sensitive technology shares were down 0.2%,
after earlier leading declines on the pan-European STOXX 600
index.
"It is quite strange for a Monday morning where we have got
a lack of direction in general," said Helal Miah, investment
research analysts at The Share Centre.
"We've also had a decent recovery in the last two to three
days, so it could just be markets taking a breather at the
moment."
After falling in early trading, the benchmark European index
was up 0.1%.
Equity markets rallied in September on cues of monetary
easing from the European Central Bank and the U.S. Federal
Reserve, and on hopes of a resolution in an economically
damaging U.S.-China trade war.
JPMorgan raised its rating on euro zone equities to
"overweight" on Monday, saying the bloc's battered stocks have
been under owned and predicting an opportunity for them to
bounce back.
The STOXX 600 index is set to close the month with a 3%
rise, marking its third straight quarterly gain.
However, the pace of growth has slowed substantially from a
12% increase in the first quarter of the year as concerns linger
about the health of the euro zone economy as well as the trade
war.
All eyes are now on an announcement by the World Trade
Organization (WTO), which is expected to grant the United States
a record award allowing it to hit European imports with billions
of dollars of tariffs in a long-running aircraft subsidy
dispute.
Shares in Airbus dipped 0.1%, as the WTO said the
European planemaker and its U.S. rival Boeing had
received billions of dollars of illegal subsidies in a pair of
cases that have run for 15 years.
In a bright spot, HomeServe PLC jumped 3.8%, to the
top of the STOXX 600, after RBC raised its rating on the British
home repairs provider's stock to "outperform."
GlaxoSmithKline gained 1.7% after its maintenance
therapy for a form of ovarian cancer reduced the risk of disease
progression or death.
(Reporting by Shreyashi Sanyal and Sagarika Jaisinghani in
Bengaluru; Editing by Bernard Orr)
