European shares rebound as concern over growth eases; Volkswagen falls

viernes 25 de septiembre de 2015 11:19 GYT

* FTSEurofirst 300 up 2.8 pct, Euro STOXX 50 rup 3 pct

* Auto shares rise 2 pct at end of worst week in four years

* Volkswagen falls as much as 6.4 pct in rocky session

* Zodiac Aerospace slumps on possible contract loss

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON Sept 25 (Reuters) - European shares were higher on Friday, rebounding after testing 2015 lows in the previous session, as concern over the global economy eased and a sell-off of car stocks began to slow.

Yet Volkswagen, the carmaker at the centre of a scandal that wiped out more than 30 billion euros of the sector's market value, continued to suffer as details emerged about how Europe's largest car company rigged emissions tests.

The pan-European FTSEurofirst 300 index, which ended down 2.1 percent on Thursday, was up 2.78 percent. The blue-chip Euro STOXX 50 index climbed 3.07 percent. The FTSEurofirst was still down more than 1 percent so far this week.

European shares have been hit this week by concern over the broader risks of the emissions rigging, but the mood turned after Janet Yellen said overnight the Federal Reserve was on track to lift rates this year.   Continuación...