European shares set for biggest weekly rise since July

viernes 11 de septiembre de 2015 04:09 GYT

* FTSEurofirst 300 down 0.5 pct

* Index stabilises following China-led August rout

* E.ON falls on broker downgrades after it drops nuclear spin-off

* Actelion drops after initiating discussions with ZS Pharma

By Alistair Smout

LONDON, Sept 11 (Reuters) - A top European share index was set for its biggest weekly rise since July despite edging lower on Friday, with drops in Germany's E.ON and Swiss pharmaceutical firm Actelion taking the shine off the week's rally.

The pan-European FTSEurofirst 300 is up 1.1 percent so far this week, set for its biggest weekly rise in around 2 months despite falling 0.5 percent to 1,408.27 by 0748 GMT points on Friday.

Global stock markets had been under pressure in recent weeks, with serious concerns about the strength of China's growth roiling markets in August.

However, markets have stabilised after China's regulators intervened in its stock market, with some investors also betting that the recent uncertainty would dissuade the Federal Reserve from raising interest rates next week.   Continuación...