European shares rise as financial stocks gain ground
(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 rebounds from Monday's losses
* KBC and ING lifted by Goldman Sachs upgrade
* French group SEB rises after WMF acquisition
* Concerns remain over possible future U.S rate hikes
By Sudip Kar-Gupta
LONDON, May 24 (Reuters) - European shares rose on Tuesday, shrugging off losses at the start of trading as firmer financial stocks lifted the region's equity markets.
The pan-European FTSEurofirst 300 and STOXX 600 indexes were both up by 0.6 percent, rebounding from losses of a similar scale incurred on Monday.
The STOXX Europe 600 Banks Index outperformed with a 1.1 percent rise, adding the most points to Europe's stock markets. Continuación...