European shares rise as financial stocks gain ground

martes 24 de mayo de 2016 06:42 GYT

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* 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, recovering from 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 around 1 percent by 1024 GMT, rebounding from losses of a similar scale incurred on Monday.

The STOXX Europe 600 Banks Index outperformed with a 1.4 percent rise. KBC and ING both climbed after Goldman Sachs upgraded them both to "buy" from "neutral".   Continuación...