Miners, banks rally push European shares to one-month high

miércoles 13 de abril de 2016 13:14 GYT
 

* European shares rise as Chinese exports resurge

* Pan-European FTSEurofirst index rises 2.6 percent

* Mining stocks outperform, topping sectoral gainers

* Italy banks help sector index to best day in 4 years (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). Adds details, closing prices)

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, April 13 (Reuters) - European shares rose on Wednesday to a two-week high as a rise in Chinese exports buoyed global stock markets, with mining stocks and banks among the best performers.

The pan-European FTSEurofirst 300 index ended the session up 2.6 percent at 1,349.35 points, its highest closing level since March 14, while the euro zone's blue-chip Euro STOXX 50 index advanced 3.3 percent.

The FTSEurofirst remains down around 6 percent so far in 2016, due partly to concerns about a China-led slowdown in the global economy.

However, data on Wednesday showed that China's exports in March returned to growth for the first time in nine months, adding to signs of stabilisation in the world's second-largest economy.   Continuación...