Europe stocks start week boosted by telecoms, Chinese stimulus

lunes 20 de abril de 2015 07:23 GYT
 

* FTSEurofirst 300 up 0.8 pct, recovering from Friday's sell-off

* Telenet, KPN rise after Belgian deal

* BP Milano boosted by merger speculation

* China stimulus lifts miners (Updates prices)

By Francesco Canepa and Lionel Laurent

LONDON, April 20 (Reuters) - European shares got the week off to a positive start on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though it was not enough to erase the losses from Friday's sharp sell-off.

In focus for markets this week will be a raft of first-quarter trading updates from European companies, which are heading for their best earnings season in four years on the back of a weak euro and improving economic conditions.

The European Central Bank's bond-buying stimulus plan has kept eurozone bond yields down and propped up appetite for equities, with NN Investment Partners reiterating in a note to clients on Monday that it was "particularly positive" about European equities.

The pan-European FTSEurofirst 300 index was up 0.8 percent at 1051 GMT, still close to multi-year peaks but below where it was before Friday, when fears of a regulatory trading clampdown and turmoil linked to an outage of Bloomberg financial terminals hit financial markets.   Continuación...