Europe shares rebound, led by French telecoms

lunes 10 de marzo de 2014 07:13 GYT
 

* FTSEurofirst 300 up 0.2 pct, bounces after last week's slide

* Bouygues-Iliad deal sparks rally in French telecom shares

* Mining shares hurt again by soft Chinese data

* CAC 40 to outperform DAX -Societe Generale's Kaloyan

By Blaise Robinson

PARIS, March 10 (Reuters) - European shares rebounded on Monday after last week's sharp losses, led by a strong rally in French telecom shares following a deal between Bouygues and Iliad.

But gains were capped by a fresh drop in mining shares following soft Chinese economic data.

At 1030 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,330.02 points. It had tumbled 1.5 percent last week as tensions rose in Ukraine.

"People sold on Friday on fear of an escalation in Crimea, but things seem to have stabilised now so it's tempting to buy the dip, using a call spread for instance, to limit the risks," said David Thebault, head of quantitative sales trading at Global Equities in Paris.   Continuación...