European shares inch up helped by H&M and Shire

miércoles 6 de abril de 2016 07:06 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

* H&M advances after encouraging update

* Healthcare top sectoral gainer led by Shire

* Italy banks rise for first time in 10 sessions

By Atul Prakash

LONDON, April 6 (Reuters) - European equities inched higher on Wednesday after steep declines in the previous session, with 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 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.

Healthcare stocks were the top sectoral gainer, up 1 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...