European shares rally after China calms markets

jueves 13 de agosto de 2015 12:50 GYT
 

* FTSEurofirst 300 up 0.9 pct

* Bounce-back for automakers, luxury stocks

* Nestle reports disappointing sales

* TUI, Moller Maersk lead after updates

* Aegon, RWE fall on results disappointment (Adds quote, closing prices)

By Lionel Laurent and Alistair Smout

LONDON, Aug 13 (Reuters) - European shares bounced on Thursday after a 4 percent fall this week, tracking global equities higher on efforts by China's central bank to steady a falling yuan that has stirred markets worldwide.

The pan-European FTSEurofirst 300 index was up 0.9 percent at 1,530.17 at the close, trimming gains in late trade as a falling oil price hit energy firms.

Automakers and luxury goods stocks, among the worst hit this week, were among the biggest gainers after China's central bank said there was no reason for the yuan to fall further.   Continuación...