German shares outpace rest of Europe after trade data beats forecast

martes 11 de marzo de 2014 12:20 GYT

* FTSEurofirst 300 up 0.2 percent

* Germany's Dax rebounds after strong trade data

* Unicredit jumps as investors welcome clean-up

By Tricia Wright

LONDON, March 11 (Reuters) - German shares rose on Tuesday, outperforming European stocks more broadly, as strong trade data from the region's largest economy revived investor appetite for the DAX index.

Wider market sentiment was still undermined by the crisis in Ukraine, where confrontation between Kiev and Moscow showed no sign of easing.

Frankfurt's blue-chip DAX index posted a 0.8 percent gain after Germany reported stronger-than-expected exports and imports in January.

The DAX had fallen 2.9 percent in the previous two sessions, dragged down by worries about Ukraine and by disappointing Chinese trade data.

"The German trade figures were very solid and do point to a continuing recovery combined with an acceleration in growth in 2014," said Markus Huber, a senior sales trader at Peregrine & Black. "Much will depend (on) how long the crisis in the Ukraine will drag on and if harmful sanctions and counter-sanctions will be put in place."   Continuación...