Stronger energy and utility stocks lift European shares

viernes 2 de octubre de 2015 06:33 GYT
 

* Energy stocks rise as Syria fears push up oil price

* RWE rallies after upgrade from SocGen

* Coming up: U.S. non-farm payrolls at 1230 GMT

By Danilo Masoni

LONDON, Oct 2 (Reuters) - European shares rose on Friday, lifted by firmer energy and utility stocks which propped up markets before U.S. jobs data later in the day which could give clues over the timing of an interest rate hike.

The pan-European FTSEurofirst 300 index recovered from losses on Thursday to rise 1.6 percent, while the euro zone's blue-chip Euro STOXX 50 index also advanced 1.8 percent.

Oil majors such as Total and BP gained ground, boosted by a rise in the price of oil itself which rose partly on fears about escalating violence in Syria.

German utilities RWE and E.ON were also among the best performers in Europe, with both climbing more than 6 percent after Societe Generale upgraded RWE to "hold" from "sell."

Concerns over an economic slowdown in China and uncertainty over the end of almost a decade of monetary expansion in the United States have weighed on equities in the past quarter, pushing European stock markets close to their 2015 lows.   Continuación...