Earnings, data boost helps European shares halt slide

miércoles 6 de mayo de 2015 07:04 GYT
 

* FTSEurofirst 300 up 0.2 percent

* Euro zone services PMI, earnings help market rebound

* Bond selloff, euro rise casts shadow on market

By Francesco Canepa and Atul Prakash

LONDON, May 6 (Reuters) - European equity indexes edged higher in choppy trading 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 2.8 percent and 4.4 percent to be among the top regional gainers after posting better-than-expected results.

The pan-European FTSEurofirst 300 index was up 0.2 percent at 1,558.30 points by 1032 GMT after falling in five of the previous six sessions. The index is down more than 5 percent from a 14-1/2-year high hit in April.

"For me it is just an unwinding of the consensus positions: long European government bonds, long equities, short euro, long dollar," Ankit Gheedia, a derivatives strategist at BNP Paribas, said.   Continuación...