European shares rebound at end of bruising quarter

miércoles 30 de septiembre de 2015 04:13 GYT
 

* Stocks rebound but face worst quarter since late 2011

* FTSEurofirst down nearly 10 pct so far this quarter

* Glencore rallies after saying it has no solvency issues

* Carmakers boosted by China tax cut on small cars

By Sudip Kar-Gupta

LONDON, Sept 30 (Reuters) - European shares rose on Wednesday after a two-day losing streak, with automakers boosted by a Chinese tax cut on small cars while miner Glencore rallied after saying it had no solvency issues.

However, European equities still faced their poorest quarterly performance since the worst of the euro zone crisis in 2011, with stock markets having steadily lost ground on signs of a slowdown in China, the world's second-biggest economy.

The pan-European FTSEurofirst 300 index was up 1.6 percent while euro zone's blue-chip Euro STOXX 50 index advanced 1.8 percent, although the FTSEurofirst is down nearly 10 percent so far this quarter.

Germany's DAX rose 1.9 percent, but the DAX remains some 20 percent below a record high set in April.   Continuación...