Earnings, data boost helps European shares halt slide

miércoles 6 de mayo de 2015 04:24 GYT
 

* FTSEurofirst 300 up 0.4 pct, Euro STOXX 50 up 0.9 pct

* Euro zone services PMI, earnings help market rebound

* Bond selloff, euro rise casts shadow on market

By Francesco Canepa

LONDON, May 6 (Reuters) - European equity indexes rebounded in choppy trade on Wednesday as strong euro zone services data and corporate results offset a sell-off in the region's government bonds and a rise in the euro.

Shares erased early losses after surveys showed euro zone businesses started the second quarter with healthy growth as a buoyant order book again encouraged them to hire more.

Danish wind turbine maker Vestas Wind, mobile phone operator Telenor and AB InBev, the world's largest brewer, rose between 3 percent and 5 percent to be among the top regional gainers after posting better-than-expected results.

The pan-European FTSEurofirst 300 index was up 0.4 percent at 1,561.05 points at 0810 GMT after falling in five of the previous six sessions. The index is down 5.5 percent from a 14-1/2 year high hit in April.

Despite a largely positive earnings season, which has seen 63 percent of STOXX Europe 600 companies that have reported so far meet or beat consensus expectations, European shares have given back some of the hefty gains accumulated since the start of the year.   Continuación...