Car makers lead European equity rebound on strong sales data

viernes 17 de octubre de 2014 07:13 GYT

* FTSEurofirst 300 up 1.4 pct, Euro STOXX 50 up 1.5 pct

* Derivative contract expiry helps reduce selling pressure

* Car makers rally after positive sales figures

* European equity funds suffer record weekly outflows -Lipper

By Francesco Canepa and Blaise Robinson

LONDON/PARIS, Oct 17 (Reuters) - European stocks rebounded on Friday after their steepest two-day fall in more than a year, with car makers leading the pack after strong sales data.

Among the top gainers were Renault, up 2.8 percent and PSA Peugeot Citroen up 5.2 percent, boosted by data showing car sales in Europe rose 6.1 percent in September, the 13th straight month of growth in sales.

By 1036 GMT, the FTSEurofirst 300 index of top European shares had risen 1.4 percent to 1,263.32 points, after shedding 3.8 percent in the previous two sessions, their steepest fall since June 2013.

The euro zone's blue-chip Euro STOXX 50 index was up 1.5 percent, at 2,917.69 points.   Continuación...