European shares edge higher, Shire and H&M support

miércoles 6 de abril de 2016 04:54 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* FTSEurofirst 300 index gains 0.2 percent

* Energy shares lead the market higher

* H&M advances after encouraging update

By Atul Prakash

LONDON, April 6 (Reuters) - European equities edged higher on Wednesday after steep previous session declines, with energy shares up on an oil price recovery and the retail sector boosted by a less-than-expected Hennes & Mauritz profit fall.

Shares in Hennes & Mauritz, the world's No. 2 clothes retailer, rose 4.3 percent after saying the impact of the strong U.S. dollar had started to wane and should turn neutral or slightly positive by the fourth quarter.

The STOXX Europe Oil and Gas index rose 1 percent, the top sectoral gainer, after crude prices jumped on hopes for an agreement among exporters to freeze output.

Healthcare stocks also rose 0.4 percent, with investors scrutinising news of U.S. drug maker Pfizer agreeing on Tuesday to terminate its $160 billion agreement to acquire Allergan, in a victory to U.S. President Barack Obama's drive to stop tax-dodging corporate mergers.   Continuación...