Alstom, H&M among top gainers as European stocks rebound

lunes 17 de agosto de 2015 03:54 GYT
 

* European stock markets rebound after China-linked losses

* Alstom surges on signs that GE deal to get approval

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

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

By Sudip Kar-Gupta

LONDON, Aug 17 (Reuters) - European stocks rose on Monday, rebounding from losses last week caused by worries over currency devaluation in China, with shares in French industrial group Alstom outperforming.

The pan-European FTSEurofirst 300 index, which fell 3 percent last week, rose 0.6 percent while the euro zone's blue-chip Euro STOXX 50 index progressed 0.8 percent.

Alstom shares rose 6.2 percent after two people familiar with the matter told Reuters that General Electric was expected to get EU approval for a proposed 12.4-billion-euro ($13.8 billion) bid for Alstom's power business.

Shares in Hennes & Mauritz advanced 2 percent after the fashion retailer reported higher sales.   Continuación...