European shares start month with aplomb, BNP Paribas buoyant

martes 1 de julio de 2014 12:44 GYT
 

* FTSEurofirst 300 up 0.9 pct

* BNP Paribas rises on relief at U.S. sanctions settlement

* Chinese data lifts mining sector

* BES shares volatile after short-selling ban

By Tricia Wright

LONDON, July 1 (Reuters) - European shares began the month with a gain, as BNP Paribas rose on relief it had settled a U.S. sanctions case and mining companies rallied after encouraging economic data came out of China, the world's top metals consumer.

The pan-European FTSEurofirst 300 index closed up 0.9 percent at 1,382.31 points - notching its biggest one-day percentage gain since May 8.

BNP Paribas rose 3.6 percent in trading volume of almost twice its 90-day daily average. It had lost about 20 percent - or $21 billion of its market value - since Feb. 13 when it announced the provision for the fine.

The French bank pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve allegations that in many financial dealings it violated U.S. sanctions against Sudan, Cuba and Iran.   Continuación...