LONDON, June 27 Reuters European shares struggled to maintain positive momentum on Tuesday, after Asian stocks got a boost from China39;s government saying it would support the economy, as investors focused on concerns about the economic outlook for Europe and the United States.

Asian shares were helped by Chinese Premier Li Qiang saying that Beijing will roll out policies to boost the world39;s secondlargest economy.

But the positive market sentiment faltered in early European trading, with the panEuropean STOXX 600 down 0.1.

The MSCI World Equity Index was a touch higher, up 0.1 on the day at 668.72, having fallen since the 14month high of 689.04 reached more than a week ago.

MSCI39;s Europe index was up 0.1, London39;s FTSE 100 was up 0.1 and Germany39;s DAX was down by less than 0.1.

Hani Redha, multi asset portfolio manager at PineBridge Investments, said the factors that had boosted European shares earlier in the year relief over the energy crisis easing and China39;s surprise postCOVID reopening would not last.

Now fundamentals are going to deteriorate because of the tightening of policy and because of the fading of these temporary tailwinds which leaves markets vulnerable, he said.

Wall Street saw losses on Monday as investors increasingly bet on the U.S. Federal Reserve keeping rates higher for longer.

The International Monetary Fund39;s secondincommand said on Monday that the world39;s top central banks may need longer to get inflation back down to…