European equity rally slows after poor Chinese data

lunes 13 de abril de 2015 10:07 GYT

* FTSEurofirst 300 up 0.1 pct, pauses after last week's gains

* Miners fall after China data, Citi downgrade

* M&A speculation boosts Nokia, Alcatel, Smurfit Kappa

* TGS sinks after sales warning

By Francesco Canepa and Blaise Robinson

LONDON/PARIS, April 13 (Reuters) - European shares stalled on Monday after a recent rally as poor Chinese trade figures knocked mining shares, although mergers and acquisition activity helped keep pan-European indexes afloat.

Nokia rose 2 percent as brokers talked up a possible sale of its maps unit.

At 1350 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,646.34 points, taking a breather after a 3.7 percent jump last week.

Data showed that China's exports plunged 15 percent in March while import shipments fell at their sharpest rate since 2009, a shock outcome that deepens concern about sputtering growth in the world's second-largest economy and its biggest consumer of metals.   Continuación...