European shares recover from rough ride

miércoles 2 de septiembre de 2015 03:58 GYT

* FTSEurofirst 300 up 0.6 pct, national benchmarks in line

* China intervention helping calm mkt jitters -traders

* ECB meeting, China holiday seen also soothing

* Alstom up on report GE deal set for green light

* ASOS down more than 3 pct after CEO steps down

LONDON, Sept 2 (Reuters) - European stock markets recovered from a rough start to the week on Wednesday, rising almost 1 percent as traders pointed to intervention in China that helped calm wobbly markets and hopes for more central bank action.

European equities have suffered a bruising end to the summer, down more than 2 percent since the end of August and down more than 10 percent since the end of July, but brokers and investors say there is still value in high-yielding blue-chip stocks at a time of central bank bond-buying in the euro zone.

The pan-European FTSEurofirst 300 index was up 0.7 percent, at 1,402.89 points, at 0733 GMT. National benchmarks in London, Paris and Frankfurt were trading broadly in line.

China, the epicentre of worries over the global growth outlook, enjoyed a late-stage market recovery after fresh supportive measures from brokerages that eased investor fears that Beijing may be intensifying a trading crackdown. An upcoming public holiday will also bring respite, traders said.   Continuación...