European shares buoyed by oil stocks; KBC, Zurich lead gainers

jueves 12 de mayo de 2016 06:50 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 up 0.5 percent

* Oil stocks lead sectoral gainers

* KBC, Zurich rise after results

* Aegon, Generali slump as profits disappoint

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, May 12 (Reuters) - European stocks rose on Thursday on the back of oil sector gains, with KBC Groep and Zurich Insurance among the leading gainers after results.

The FTSEurofirst 300 index was up 0.5 percent by 1029 GMT, paring early losses of as much as 1 percent.

The STOXX 600 Oil & Gas index rose 1.6 percent, making it the biggest sectoral gainer and reversing initial weakness on the back of a recovery in crude oil prices.   Continuación...