European shares inch higher early, RBS jumps

martes 30 de septiembre de 2014 04:07 GYT

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

* RBS jumps after cutting provisions for bad loans

* Auto stocks hurt by Ford's profit warning

* All eyes on euro zone inflation figures due at 0900 GMT

By Blaise Robinson

PARIS, Sept 30 (Reuters) - European stocks inched higher in early trading on Tuesday, halting a recent slide, with shares of Royal Bank of Scotland rising after the UK lender cut provisions for bad loans.

RBS stock surged 3.9 percent after the group said it would release 800 million pounds ($1.3 billion) from provisions it had set aside to cover losses on bad loans after an improvement in the economy, especially in Ireland.

Shares in the auto sector lost ground, with Daimler down 1.1 percent and Renault down 2.4 percent, as traders cited a warning from U.S. carmaker Ford about its outlook that sent its shares down 8 percent on Monday.

At 0738 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,373.05 points, taking a breather after a 3.4 percent slide in the past seven sessions.   Continuación...