European shares bounce after sell-off; Rolls-Royce sinks

viernes 17 de octubre de 2014 04:43 GYT
 

* FTSEurofirst 300 up 1.5 pct, Euro STOXX 50 up 1.9 pct

* Derivative contract expiry helps reduce selling pressure

* Carmakers rally after positive sales figures

* European equity funds suffer record weekly outflows -Lipper

By Blaise Robinson

PARIS, Oct 17 (Reuters) - European stocks rose in early trading on Friday, bouncing after the week's sharp drop, as positive U.S. macro data soothed worries over the global economy and the expiry of derivative contracts helped reduced the selling pressure.

Stocks in automakers featured among the top gainers, with Renault up 3.1 percent, PSA Peugeot Citroen up 4.8 percent and Daimler up 1.8 percent, boosted by data showing car sales in Europe rose 6.1 percent in September, a 13 straight month of growth in sales.

At 0808 GMT, the FTSEurofirst 300 index of top European shares was up 1.5 percent at 1,264.80 points, after losing 3.7 percent earlier in the week. The euro zone's blue-chip Euro STOXX 50 index was up 1.9 percent, at 2,929.60 points.

The session was very volatile, in part due to the expiry of derivative contracts on Friday, traders said.   Continuación...