Europe shares extend rally, Nutreco sinks as Cargill walks away

martes 23 de diciembre de 2014 04:57 GYT

* FTSEurofirst 300 up 0.5 pct, FTSE 100 up 0.6 pct

* Shares in Nutreco fall 5 pct as Cargill drops takeover bid

* Energy shares remain under pressure as Brent hovers around $60

By Blaise Robinson

PARIS, Dec 23 (Reuters) - European shares rose in early trading on Tuesday, gaining ground for the sixth session in a row and tracking a rally on Wall Street where both the Dow and S&P 500 ended at record highs.

Shares in Dutch animal feed company Nutreco bucked the trend, falling 5 percent after U.S. commodities company Cargill said it was dropping its takeover bid.

At 0837 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,373.62 points in low volumes. The benchmark index is up 4.3 percent so far in 2014, lagging a 12.5 percent rally on Wall Street's S&P.

Around Europe, Britain's FTSE 100 index was up 0.6 percent, Germany's DAX index up 0.3 percent and France's CAC 40 up 0.5 percent.

"Most investors have closed their books for the year. There's not a lot of volume, and indexes are mostly in a neutral zone for now," said Jean-Louis Cussac, head of Paris-based firm Perceval Finance.   Continuación...