European shares rise, shrugging off slump in Greece market

lunes 3 de agosto de 2015 04:30 GYT

* Athens stock market slumps around 20 pct on re-open

* Other major European stock markets in positive territory

* Markets buoyed by solid results from HSBC, Heineken

By Sudip Kar-Gupta

LONDON, Aug 3 (Reuters) - European shares rose on Monday as strong results from HSBC and Commerzbank offset the impact of weak Chinese data, but Greece's market slumped after re-opening following a five-week shutdown.

The pan-European FTSEurofirst 300 index rose 0.7 percent, while the euro zone's blue-chip Euro STOXX 50 index also progressed 0.5 percent. Germany's DAX rose 0.5 percent while France's CAC gained 0.2 percent.

HSBC rose 1.2 percent after the bank reported higher first-half earnings and announced the sale of its Brazilian unit to Banco Bradesco SA for $5.2 billion. .

Commerzbank shares also advanced after the German lender reported higher profits, although mining stocks fell after data from China - the world's biggest metals consumer - showed a shrinking in factory activity in the country.

However, Athens' benchmark ATG equity index dropped by around 20 percent, with shares in the country's major banks also sliding lower, after the market re-opened.   Continuación...