European shares bounce back as Chinese data reassures

miércoles 16 de abril de 2014 10:31 GYT

* FTSEurofirst 300 up 0.9 pct, reversing Tuesday's fall

* China growth beats forecasts; slowest for 18 months

* "Stars are aligned" for Veolia-Suez tie-up -Exane

* Euro STOXX 50 up 1 pct, moves above 50-day moving average (Updates prices, adds quote, detail)

By Alistair Smout and Blaise Robinson

LONDON/PARIS, April 16 (Reuters) - European shares rose on Wednesday, reversing the previous session's slide after economic growth data from China came in a touch above forecasts.

At 1508 GMT, the pan-European FTSEurofirst 300 index was up 0.9 percent at 1,318.19 points, in a rebound most traders saw as a technical reaction to a 1 percent fall in the previous session.

Earlier this month, the index hit a near six-year high, but the rally has been halted by worries over the crisis in Ukraine as well as concerns about the pace of Chinese growth.

Data showed on Wednesday China's economy grew at its slowest pace in 18 months in the first quarter, at 7.4 percent, though the figure was slightly stronger than the median forecast of 7.3 percent in a Reuters poll.   Continuación...