European shares edge up as fund management stocks advance

lunes 3 de octubre de 2016 04:31 GYT

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

* Henderson/Janus deal lifts shares of fund managers

* German DAX market closed for public holiday

* STOXX 600 still down around 6 pct in 2016

By Sudip Kar-Gupta

LONDON, Oct 3 (Reuters) - European stock markets made minor gains on Monday, as a rise in the shares of fund management companies in the wake of a large merger in the sector propped up markets.

Nevertheless, lingering concerns over Deutsche Bank still weighed on the minds of some investors.

The pan-European STOXX 600 index was up 0.2 percent, although the index remained down by around 6 percent since the start of 2016.

Britain's FTSE 100 rose 1.2 percent, partly helped by a drop in sterling, as a weaker pound typically benefits the FTSE's export-driven, internationally focused companies. The currency fell after Prime Minister Theresa May set a March deadline to start the formal departure process for Britain's exit from the European Union.   Continuación...