European stock markets recover, boosted by banks

miércoles 18 de mayo de 2016 12:33 GYT
 

* ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see Open for site in development. See the bottom of the report for more details

* FTSEurofirst 300 closes up 0.8 pct

* Sonova slumps after missing financial targets

* Renewed prospect of U.S. rate hike impacts equities

* Goldman Sachs cuts equities to "neutral" (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)

By Alistair Smout

LONDON, May 18 (Reuters) - European stock markets recovered from a weak start on Wednesday, with a rally in banks and a rebound on Wall Street helping to counteract some weak corporate earnings from companies including Switzerland's Sonova .

The pan-European FTSEurofirst 300 index rose 0.8 percent to 1,325.78 points by the close, recovering from an early fall.

Signs that inflation was returning to the U.S. economy and hawkish comments from a Fed official had hit Wall Street on Tuesday, leading to a weaker open for European stocks. However, strength in tech giants Apple and Amazon helped Wall Street to rebound.   Continuación...