European shares pare losses after Japan slips into recession

lunes 17 de noviembre de 2014 11:14 GYT

* FTSEurofirst 300 up 0.1 percent

* Merck gains after Pfizer deal

* H&M boosted by forecast-beating sales

* Weir hit by renewed slump in crude (Adds detail, quotes, updates prices)

By Alistair Smout

EDINBURGH, Nov 17 (Reuters) - European shares reclaimed early losses on Monday as concern over Japan's economy after it unexpectedly slipped into recession proved short-lived.

Earnings reports, merger & acquisition news and appetite for more volatile stocks all provided support for the market.

The FTSEurofirst 300 index of top European shares edged up 0.1 percent to 1,346.64 points.

Pharmaceutical firm Merck rose 3.8 percent, the index's top riser, after agreeing a deal with Pfizer for sharing rights to develop its experimental immunotherapy drug with the U.S. drugmaker.   Continuación...