European shares extend rebound, led by DAX

martes 19 de agosto de 2014 06:04 GYT
 

* DAX outperforms as European stock markets edge higher

* Moller-Maersk advances after bullish results

* DAX still some 7 pct below its June record high

By Sudip Kar-Gupta

LONDON, Aug 19 (Reuters) - European shares rose on Tuesday to extend the previous session's rally, with Germany's DAX index outperforming, driven by what traders saw as an easing of tension in the Ukraine crisis.

European stock markets had rebounded sharply on Monday after Russia's Foreign Ministry said some progress had been achieved during talks between Russia, Germany, France and Ukraine over the conflict.

Although the situation remained fragile - with Ukraine government forces reporting new advances against pro-Russian separatists - traders took consolation from the fact that the situation had not worsened materially, in their eyes.

"The Ukraine situation is dragging on, which is a bit of a concern, but on an underlying basis, the stock markets look OK. People still want to be in the markets rather than out," said Terry Torrison, managing director at McLaren Securities.

The pan-European FTSEurofirst 300 index, which is still down by nearly 4 percent since mid-June, rose 0.4 percent to 1,344.43 points.   Continuación...