European shares stage late rebound as rouble recovers

martes 16 de diciembre de 2014 13:39 GYT

* FTSEurofirst 300 up 1.9 pct after late bounce

* U.S. Kerry comments seen easing Russian concerns

* Traders say rebound partly due to technical factors

By Francesco Canepa

LONDON, Dec 16 (Reuters) - European shares staged a late rebound on Tuesday as the Russian rouble recovered a good chunk of the day's losses against the dollar and oil prices also gained ground.

Traders pointed to comments by U.S. Secretary of State John Kerry, who said Russia had made constructive moves towards possibly reducing tensions in Ukraine.

The FTSEurofirst 300 index of pan-European shares closed 1.8 percent higher at 1,314.31 points after trading as low as 1,273.2 earlier in the day. It mirrored a bounce in oil prices and a recovery in the rouble against the dollar.

Trading volume on the FTSEurofirst 300 was nearly 80 percent higher than the index's average for the past three months.

With Western economic sanctions and falling oil prices crippling the Russian economy, Kerry's comments were seen as a sign relations between the United States and Russia might become more constructive.   Continuación...