European shares gain, lead by Nordic telecoms; weak rouble hits Adidas

miércoles 3 de diciembre de 2014 08:09 GYT

* FTSEurofirst 300 up 0.4 pct

* Telenor, TeliaSonera rally after deal to merge units

* Metro, Adidas sink on worries over exposure to rouble

By Blaise Robinson and Francesco Canepa

PARIS/LONDON, Dec 3 (Reuters) - European stocks rose on Wednesday, led by Nordic exchanges after Norway's Telenor and Sweden's TeliaSonera agreed to merge their Danish operations.

Shares in both companies and in rivals TDC and Tele2 rose 1.2 to 5 percent. The deal is fuelling speculation cut-throat price competition in the Danish market will end.

Indexes in Copenhagen, Oslo and Stockholm rose 0.7 percent to 0.8 percent at 1153 GMT. They outperformed the FTSEurofirst 300 index of top European shares, which was up 0.4 percent at 1,398.08 points.

The FTSEurofirst 300 has rebounded from its mid-October low, boosted by expectations of fresh stimulus from the European Central Bank, but the rally has lost steam in the past week.

According to euro money market traders polled by Reuters, the ECB probably won't announce new stimulus measures at Thursday's monetary policy meeting.   Continuación...