Deutsche Bank and Pearson help European shares rally

martes 4 de octubre de 2016 12:17 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) Adds closing prices, details)

* Pan-European STOXX 600 index rises 0.8 pct

* UK mid-cap index hits record high as sterling slumps

* Deutsche Bank bounces back to touch 2-week high

* Randgold, Fresnillo drop on weaker gold prices

By Atul Prakash

LONDON, Oct 4 (Reuters) - European shares advanced on Tuesday, with Germany's Deutsche Bank hitting a two-week high following steep losses and the world's biggest education company Pearson gaining after encouraging comments by Morgan Stanley.

Pearson rose 5.2 percent, among the top gainers in the pan-European STOXX 600 index, after Morgan Stanley said the company was unlikely to issue a profit warning, "meaning the shares could recover sharply on the Q3 results".

Deutsche Bank rose as much as 3.5 percent to a two-week high. Its shares had slumped to a record low on Friday before bouncing back on expectations of a swift deal with U.S. authorities over a multi-billion dollar penalty.   Continuación...