Europe shares snap losing streak

miércoles 10 de junio de 2015 13:13 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 German spokesman on Greece)

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.

In response to the report, a German government spokesman said Germany would only accept a cash-for-reform deal between Greece and its international creditors that had the approval of all three lending instutions.

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.   Continuación...