European shares gain as commodity stocks recover

miércoles 23 de septiembre de 2015 06:50 GYT

* FTSEurofirst 300 index gains 0.8 percent

* Energy and mining stocks recover

* Carmaker Volkswagen higher in volatile trade

* Profit warning sends healthcare firm Coloplast down 6 pct

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Sept 23 (Reuters) - European shares climbed higher at midday on Wednesday as investors sought bargains after heavy losses in the previous session, with a recovery in crude oil prices supporting beaten-down energy companies.

German carmaker Volkswagen remained volatile after its recent slump on allegations of rigging emissions tests. It fell nearly 10 percent in early trading before rising 2.6 percent. It is still down 33 percent so far this week, with Deutsche Bank saying that the scandal is an "investor's nightmare".

A broker said the market was pricing in any foreseeable risk but cautioned from taking position on the stock given the lack of visibility over possible developments.

The market got some support from the energy sector as crude rose 0.1 percent after falling sharply following a survey showing activity in China's factory sector shrank to its weakest level in 6-1/2 years. The European oil and gas index rose 1.3 percent.   Continuación...