European stocks stabilise near year's low as Glencore halts slide

martes 29 de septiembre de 2015 06:13 GYT
 

* FTSEurofirst 300 down 0.4 percent, off lows

* Glencore claws back some ground from Monday's sell-off

* European biotech stocks hit by drop in U.S. counterparts

* Wolseley slumps after cutting outlook (Recasts, adds quote, detail)

By Alistair Smout and Sudip Kar-Gupta

LONDON, Sept 29 (Reuters) - European shares partially recouped an early drop on Tuesday, supported after battered miner Glencore halted a slide in its share price, although top indexes lingered near their lows for 2015.

The pan-European FTSEurofirst 300 index was down 0.4 percent by 0958 GMT on Tuesday, having been down as much as 1.7 percent in early deals.

The index fell more than 2 percent on Monday, and the morning's early drop took it just 0.8 percent away from its low for 2015, set in August.

Miner Glencore surged 9 percent, having dropped 30 percent in the previous session to an all-time low, with several brokers saying worries over the commodities and mining company's debt pile were overdone.   Continuación...