European shares builds on 3-month highs as oil rallies, banks gain

miércoles 20 de abril de 2016 12:56 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)

* Market helped by late crude oil price reversal

* Banks among top gainers before ECB meeting

* Accor, ABB up after results but ARM, ASML fall

* Volkswagen leads FTSEurofirst gainers

By Danilo Masoni and Atul Prakash

MILAN/LONDON, April 20 (Reuters) - European shares rose on Wednesday, helped by a late rally in crude oil prices and gains among banking stocks.

The pan-European FTSEurofirst 300 index, which had risen 1.5 percent to its highest since January 6 in the previous session, rose 0.5 percent but short of a new closing high.

After spending most of the session in the red or flat, the index turned higher as oil prices rebounded after a smaller-than-expected U.S. crude build report offset glut worries stirred by the end of a Kuwaiti oil workers strike.   Continuación...