European shares inch up after Putin comments

jueves 14 de agosto de 2014 12:26 GYT
 

* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.1 pct

* Dovish comments from Putin help market pare losses

* Euro STOXX 50 halted by strong resistance level

* Recent market sell-off a buying opportunity -Saxo's Garnry

* Equity risk premium well above long-term average -ING IM

By Blaise Robinson

PARIS, Aug 14 (Reuters) - European stocks inched higher on Thursday, turning positive after Russian President Vladimir Putin made comments seen as conciliatory, though gains were limited by weak German and French economic data.

Data showed Germany's economy suffered a surprise contraction - its first in more than a year - in the three months to June, and France slashed its growth forecasts for this year and next after its economy failed to grow in the second quarter.

The pan-European FTSEurofirst 300 index ended 0.3 percent higher at 1,329.14 points, adding to this week's tentative rebound.   Continuación...