Bouncing energy shares help European stocks extend rally

lunes 22 de diciembre de 2014 11:03 GYT

* FTSEurofirst 300 up 0.4 pct, FTSE 100 up 0.6 pct

* Rally in energy shares fragile as oil prices still volatile

* Italian bank Monte Paschi falls on fears of big writedowns

* France's Soitec tumbles after profit warning

By Blaise Robinson and Sudip Kar-Gupta

PARIS, Dec 22 (Reuters) - A rebound in most energy shares drove European equities higher on Monday, while Greece's bourse was also boosted by the country's prime minister offering to bring pro-European independents into the government.

Bucking the trend, shares in Italian lender Banca Monte dei Paschi di Siena shed 7.3 percent, hit by renewed fears of big writedowns on poorly performing loans.

Monte Paschi is expected to book around 3 billion euros in gross loan writedowns in the last quarter, much higher than the 1.2 billion euro total booked over the previous three quarters.

However, the biggest loser on Monday was French semiconductor engineering group Soitec, plummeting 53 percent after warning on its profit outlook.   Continuación...