Europe shares hovers above recent low; oils hit as crude drops

miércoles 15 de octubre de 2014 06:48 GYT
 

* FTSEurofirst 300 down 0.7 pct, Euro STOXX 50 down 0.7 pct

* Positive results from Danone, LVMH help limit losses

* Pharmas hurt as AbbVie bid for Shire in doubt

* Recent pull-back is 'buying opportunity' -Amundi's Boscher

By Blaise Robinson

PARIS, Oct 15 (Reuters) - European stocks fell on Wednesday, with a benchmark index hovering above an eight-month low hit in the previous session, as brewing concerns over the strength of the global economy continued to spook investors.

However, reassuring results from two bellwethers, food giant Danone and luxury group LVMH, helped soothe worries over the outlook for corporate results in Europe as the earnings season kicks off.

Shares in Danone rose 3.4 percent after it posted a better-than-expected rise in third-quarter sales, helped by improving baby food sales in Asia where the French food group is seeking to recover from a health scare last year.

Shares in LVMH rose 1 percent after the world's biggest luxury group reported improved sales growth for the third quarter, as stronger trading in Europe and the United States helped make up for weakness in Asia.   Continuación...