European equity shares turn positive as oil prices stabilise

martes 14 de julio de 2015 11:08 GYT
 

(Updates prices and re-leads)

* Stabilisation in oil price lifts energy stocks

* Auto stocks down as JP Morgan cuts China market forecasts

* European bourses in 2015: link.reuters.com/pap87v

* Asset performance in 2015: link.reuters.com/gap87v

By Sudip Kar-Gupta

LONDON, July 14 (Reuters) - European stocks turned positive on Tuesday as oil prices steadied and supported energy shares after initially tumbling on a landmark nuclear deal on Iran.

Investors' belief that Greece will pass reforms in order to get a new bailout also kept European stocks on course for a fifth day of gains, even though Greek Prime Minister Alexis Tsipras faces opposition over the austerity plan.

"There's been a lot of progress on Greece after the weekend, and that is one of the reasons why traders are continuing to buy into this market," said Thames Capital Markets strategist Nav Banwait.   Continuación...