* MSCI world equity index unchanged at 295.85
* HSBC's upbeat report lifts banks; ZEW weighs on euro
* Sterling falls on Fitch warning; oil falls
By Natsuko Waki
LONDON, Nov 10 (Reuters) - World stocks held near a two-week high on Tuesday, underpinned by positive reports from UK banks and hopes that policymakers would keep easy monetary policy, while a downbeat German sentiment survey weighed on the euro.
Sterling fell broadly after a warning on Britain's triple-A credit rating while the dollar held near a 15-month low as investors bought higher-yielding currencies.
HSBC shares rose 2 percent
Barclays
They have joined a batch of rivals including Goldman Sachs reporting strong third-quarter results as capital markets and trading activity remained lively. Promises by G20 nations to keep economic stimulus in place until recovery was assured also helped risky assets.
Gains in European shares were limited however as investors consolidated their holdings after a four-session rally, while U.S. stock futures fell a day after Wall Street rose to a 13-month high.
"Monetary and fiscal stimulus has clearly taken hold, and has resulted in an initial growth spurt that has been sharp and fast," noted Bob Doll, chief investment officer for global equities at BlackRock.
"At some point, we believe markets will require clearer evidence that corporate revenue growth is sustainable, and unless or until that occurs, we should see some continued back-and-forth action in the markets." MSCI world equity index <.MIWD00000PUS> was steady, while the FTSEurofirst 300 index <.FTEU3> slipped 0.1 percent. In Asia <.MIAPJ0000PUS> emerging stocks rose 0.5 percent.
Emerging stocks <.MSCIEF> rose 0.3 percent.
"There's feeling that confidence is returning as we head into the Christmas period," said Brian Myers, analyst at ODL Securities.
U.S. stock futures were down around 0.3 percent
U.S. crude oil
Oil prices have risen 77 percent so far this year but they are still nearly 47 percent below their high of more than $147 a barrel struck in July last year.
The December bund futures
Sterling fell as low as $1.6600
"The Fitch report shows that the fiscal expansion comes at increasingly high costs, which will ultimately widen gilt spreads and undermine sterling," BNP Paribas said in a note to clients.
The dollar <.DXY> was up 0.2 percent against a basket of major currencies although it was close to the previous day's 15-month low. (Editing by Andy Bruce)