Euro zone shares rise to outperform weaker UK market

lunes 10 de agosto de 2015 10:08 GYT

* Euro STOXX 50, DAX and CAC all gain ground

* Banco Popolare and Allianz rise

* Commodity stocks impacted by weak China data

By Sudip Kar-Gupta

LONDON, Aug 10 (Reuters) - Euro zone stock markets advanced on Monday, as a rise in some major financial shares offset the impact of weaker commodity stocks weighing on the British market.

The euro zone's blue-chip Euro STOXX 50 index rose 1 percent, while Germany's DAX and France's CAC both advanced by 0.9 and 0.7 percent respectively.

The broader, pan-European FTSEurofirst 300 index progressed by 0.6 percent, but Britain's FTSE 100 - which has a greater exposure towards commodity stocks than other European markets - declined by 0.1 percent.

Oil stocks fell after economic data over the weekend from China, which is a major energy and metals consumer, showed another sharp drop in factory-gate prices and a surprise slump in exports.

The weak Chinese data also caused some mining stocks to lose ground, but some financial stocks fared better to lend support to euro zone equity markets.   Continuación...