Buoyant Adecco helps Europe stocks bounce back after sell-off

miércoles 11 de marzo de 2015 05:02 GYT

* FTSEurofirst 300 up 0.8 pct after 1 pct slide on Tuesday

* Credit Suisse extend rally after naming new CEO

* European stocks resilient while U.S. stocks sink

By Blaise Robinson

PARIS, March 11 (Reuters) - European shares rose in early trading on Wednesday, bouncing from the previous session's sell-off, with Adecco surging 3.6 percent after its fourth-quarter profit beat expectations.

The world's largest staffing group said it expects a pick-up in economic growth to increase demand for flexible labour this year, putting it on track to hit its margin target in 2015. Its shares were up 2.6 percent.

Credit Suisse climbed again, up 1.6 percent. The stock surged nearly 8 percent on Tuesday after the Swiss lender said it had hired Prudential head Tidjane Thiam as its new CEO.

Bucking the trend, Deutsche Post fell 3.6 percent after the postal and logistics firm gave a lower-than-expected profit target for 2015 as restructuring at its freight forwarding division continues to dampen earnings.

Shares in JCDecaux sank 6.2 percent after the holding company of the Decaux family sold a 5.4 percent stake in the outdoor advertising group.   Continuación...