European shares inch up; Total falls after CEO dies

martes 21 de octubre de 2014 04:09 GYT

* FTSEurofirst 300 up 0.4 pct, trims previous day's losses

* Total shares fall after CEO killed in accident

* Market rebound seen fragile

By Blaise Robinson

PARIS, Oct 21 (Reuters) - European shares inched up in choppy trade on Tuesday morning, trimming the previous session's losses as better-than-expected quarterly sales from Apple helped soothe worries over corporate results.

Gains were limited, however, after data showing China's economic growth slowed in the third quarter to its weakest since the 2008/09 global financial crisis as a slumping property market dragged on manufacturing and investment, fuelling worries over flagging global growth.

"The main trend is still negative. Volatility is falling back but remains at a high level. We're in a technical bounce and the market is vulnerable," said Jean-Louis Cussac, head of Paris-based firm Perceval Finance.

"In this context, selling all the rebounds is a good strategy to benefit from the swings."

At 0753 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at 1,278.57 points, after losing 0.6 percent on Monday.   Continuación...