European stocks boosted by telecoms, China stimulus

lunes 20 de abril de 2015 11:54 GYT

* FTSEurofirst 300 up 0.7 pct after Friday's sell-off

* Telenet, KPN shares rise after Belgian deal

* China stimulus lifts mining sector

By Francesco Canepa and Lionel Laurent

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

This week brings a raft of first-quarter trading updates from European companies, which are heading for their best earnings season for four years on the back of a weak euro and improving economic conditions.

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

The pan-European FTSEurofirst 300 index was up 0.7 percent at 1520 GMT, close to multi-year peaks, with Frankfurt's DAX index enjoying the strongest rebound among major national indexes, rising 1.6 percent.

Volkswagen, the only German blue-chip stock to fall, was depressed after Scania order updates and comments from the Shanghai auto show pointed to slowing China demand.   Continuación...