European shares stage afternoon rally, led by Morrisons

miércoles 19 de febrero de 2014 13:32 GYT

* FTSEurofirst 300, Euro STOXX 50 both up 0.1 pct

* WM Morrison rallies after private equity takeover report

* Carlsberg, Lafarge shrug off EM hit with strong updates

* Tenaris, Vallourec pummelled by U.S. import tariff ruling

By Alistair Smout

LONDON, Feb 19 (Reuters) - European shares pared early losses in late trade on Wednesday, tracking a rally in Wall Street, with WM Morrison gaining in the afternoon after a report that the grocer may be taken over by private-equity firms.

The FTSEurofirst 300 mounted a recovery in thin volumes to close up 0.1 percent at 1,338.67, as Wall Street turned higher after a cautious start before U.S. Federal Reserve minutes were released.

"We've seen the U.S. markets rally since they've opened, and Europe has followed suit. Investors are hoping that policy is going to be able to remain more supportive than some ... are giving it credit for," said Will Hedden, a sales trader at IG.

"We're not expecting tapering to come off the table, but the Fed should not be getting any more hawkish."   Continuación...