Europe shares snap losing streak

miércoles 10 de junio de 2015 13:01 GYT
 

* FTSEurofirst 300 up 1.3 pct

* Traders cite oversold levels, lack of liquidity

* Sainsbury's gains after reporting sales figures

* Tech shares fall as Cap Gemini and AMS slip (Updates with closing prices, adds Greece report)

By Atul Prakash and Lionel Laurent

LONDON, June 10 (Reuters) - European shares snapped a six-day losing streak on Wednesday, with German equities rebounding from their lowest level since February as traders said the recent sell-off had gone too far.

Traders also cited a Bloomberg report that suggested Germany might be considering a staggered deal on aid to Greece.

Stocks have taken a hit from recent wild swings in fixed-income markets. German bund yields rose above 1 percent on Wednesday for the first time since September, just months after the European Central Bank began a bond-buying plan to revive growth in the euro zone economy.

The FTSEurofirst 300 index closed up 1.7 percent, its biggest one-day gain since early May, with all top industry sectors in positive territory. Traders pointed to a still-favourable economic and earnings backdrop for equities despite the sell-off.   Continuación...