European shares stage cautious rally after Crimea vote

lunes 17 de marzo de 2014 08:17 GYT

* FTSEurofirst 300 up 0.6 pct, Euro STOXX 50 up 0.8 pct

* Relief at peaceful passage of Crimea referendum

* FTSEurofirst rebounds from last week's falls

* Sanctions awaited, could hit consumer-related stocks

By Alistair Smout

LONDON, March 17 (Reuters) - European stocks rose on Monday, with a major index recovering from its lowest level in more than a month, after Crimea voted on Sunday to leave Ukraine and join Russia.

The pan-European FTSEurofirst 300 rose 0.6 percent to 1,292.48, led up by stocks exposed to Russia and those sensitive to optimism about the global economy, such as banks.

However, the index remained 4.4 percent off its year-to-date high, and traders stayed cautious, given the lack of a solution to the face-off between Russia and the West and the possible impact of sanctions.

The index saw its biggest loss since January before the referendum. It closed down 0.7 percent at 1,284.32 points on Friday, its lowest level since early February.   Continuación...