European shares rebound as weak euro boosts exporters

miércoles 11 de marzo de 2015 07:18 GYT

* Rebound comes despite Wall St slump overnight

* Germany's DAX touches new record highs

* Euro's renewed slump boosts European exporters

* Strong results lift Adecco shares

By Sudip Kar-Gupta and Blaise Robinson

LONDON/PARIS, March 11 (Reuters) - European shares bounced back on Wednesday from a sharp sell-off in the previous session, as a drop in the value of the euro lifted stocks in the region's exporters.

Germany's DAX, whose constituents include major exporters BMW and Volkswagen, touched a new record high, while the broader pan-European FTSEurofirst 300 index rose 1.4 percent.

The euro hit another 12-year low against the dollar on Wednesday, extending a broad decline since the European Central Bank kicked off a 1.1 trillion euro ($1.2 trillion) asset-buying programme at the start of the week.

Traders said that as the ECB's bond-buying programme meant that German and European equities looked more attractive than Bunds with better yields.   Continuación...