Germany's DAX outperforms European shares after strong data

martes 8 de septiembre de 2015 10:37 GYT

* FTSEurofirst 300 up 1.4 pct, DAX up 1.9 pct

* German data and late bounce in Chinese shares help

* Amlin surges 33 pct after MS&AD agrees to buy firm (Updates prices, adds detail)

By Atul Prakash and Alistair Smout

LONDON, Sept 8 (Reuters) - European equities rose on Tuesday, with Germany's benchmark DAX share index outperforming the broader 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.

The pan-European FTSEurofirst 300 index was up 1.4 percent at 1,418.85 points by 1411 GMT, while the DAX index was up 1.9 percent at 10,300.60 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 the slowdown in China, while domestic demand was also holding up.

"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...