European shares rebound from 2015 lows at end of bruising quarter

miércoles 30 de septiembre de 2015 06:34 GYT
 

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* 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 and Danilo Masoni

LONDON, Sept 30 (Reuters) - European shares rose on Wednesday after reaching 2015 lows as a bruising quarter ended, with a Chinese tax cut boosting automakers while miner Glencore rallied after saying it had no solvency issues.

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 2.45 percent while euro zone's blue-chip Euro STOXX 50 index advanced 2.48 percent, although the FTSEurofirst is down nearly 10 percent so far this quarter.   Continuación...