European shares rebound as auto stocks rally

miércoles 9 de abril de 2014 12:34 GYT
 

* FTSEurofirst 300 closes up 0.4 pct at 1,338.12 points

* Euro STOXX 50 ends up 0.2 pct at 3,182.79 points

* Auto stocks are best-performing equity sector

* Bernstein upgrades lift Porsche and Volkswagen

By Sudip Kar-Gupta

LONDON, April 9 (Reuters) - European shares rebounded on Wednesday, led by gains in automakers, although some traders said caution ahead of the European earnings season could curb near-term progress.

The pan-European FTSEurofirst 300 index closed up by 0.4 percent at 1,338.12 points, bouncing back after falling to its lowest level in more than a week in the previous session.

The euro zone's blue-chip Euro STOXX 50 index also advanced by 0.2 percent to 3,182.79 points.

The STOXX Europe 600 Automobile & Auto Parts Index was the best-performing equity sector in Europe, rising 1.5 percent as Volkswagen and Porsche both benefited from an upgrade by the brokerage Bernstein.   Continuación...