Gains in Germany's DAX prop up European shares

martes 17 de junio de 2014 06:57 GYT

* FTSEurofirst 300 up 0.1 pct in mid-session trading

* DAX slightly outperforms with 0.2 pct rise

* Healthcare stocks boosted by gains at Shire

* Traders see support for equities from M&A and ECB

By Sudip Kar-Gupta

LONDON, June 17 (Reuters) - Gains in Germany's DAX equity index and new signs of corporate takeover activity propped up European stock markets on Tuesday, enabling them to claw back lost ground.

The pan-European FTSEurofirst 300 index, which had fallen in the last two sessions from 6-1/2 year highs, edged back up by 0.1 percent to 1,385.05 points.

The euro zone's blue-chip Euro STOXX 50 index also advanced by 0.1 percent to 3,264.76 points while the DAX - which hit a record high of 10,033.74 points on June 10 - rose 0.2 percent to 9,906.63 points.

German carmaker Daimler rose 0.2 percent to give one of the biggest lifts to both the DAX and the FTSEurofirst 300 indexes, after data on Tuesday showed a 4.3 percent rise in European car sales in May.   Continuación...