Germany's DAX outperforms European shares after strong data

martes 8 de septiembre de 2015 05:56 GYT

* FTSEurofirst 300 up 1.7 pct, DAX up 2 pct

* German data and late bounce in Chinese shares help

* Amlin surges 32 pct after MS&AD agrees to buy firm

By Atul Prakash

LONDON, Sept 8 (Reuters) - European equities climbed higher on Tuesday with Germany's benchmark DAX share index outperforming the broader stock market after a strong set of German trade data.

Analysts said a late bounce in Chinese stocks, with the Shanghai Composite Index rising 2.9 percent after falling earlier, had also improved sentiment. European shares recently came under severe pressure following a steep sell-off in Chinese equities and concerns about China's economic growth.

At 0921 GMT, the pan-European FTSEurofirst 300 index was up 1.7 percent at 1,423.23 points, while the DAX index was up 2 percent at 10,309.51 points.

Figures showed German exports and imports hit record highs in value terms in July, suggesting foreign appetite for goods from Europe's largest economy remained robust despite a slowdown in China, while domestic demand was also holding up well.

"The German data is offering some relief that the European recovery remains on track and German exports are not impacted too much by the emerging market turmoil," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, said.   Continuación...