Feb 27 (Reuters) - European shares were steady on Friday and were set to log an eighth straight month of gains as better-than-expected corporate updates supported risk appetite despite lingering tariff and AI-disruption concerns.
The pan-European STOXX 600 was up 0.1% at 634.16 points by 0820 GMT. The benchmark hovered near a record high, with mining stocks trading 1.7% higher, leading sectoral gains.
The benchmark is on track for its longest monthly winning run since mid-2012 to 2013.
Much of February
was dominated by concerns that new AI tools could disrupt traditional business and eat into their profits, along with trade ambiguities from the U.S. after President Donald Trump imposed a new global tariff.
However, investors took comfort from an overall improving corporate outlook in Europe, with updates from HSBC, Nestle and Capgemini lifting sentiment.
Among early movers, online takeaway food company Delivery Hero fell 5.2% after reporting annual gross merchandise value (GMV) slightly below market expectations, reflecting competitive pressure and a challenging economic environment.
Banking stocks slipped more than 0.4% each. Investors are monitoring developments around the sector's exposure to Market Financial Solutions, or MFS, a mortgage-finance firm that entered a UK form of insolvency this week.
(Reporting by Avinash P and Johann M Cherian in Bengaluru; Editing by Sonia Cheema)
