European shares buoyed by rise in retail stocks

martes 13 de enero de 2015 07:23 GYT

* Metro and Morrison lead rally in retail shares

* Energy stocks underperform as oil price falls

* Weaker oil price seen as good for consumer spending

* Traders eye Greece and Italy Presidency situations

By Sudip Kar-Gupta

PARIS, Jan 13 (Reuters) - A rise in retail shares pushed up European equities on Tuesday, while expectations of new economic stimulus measures from the European Central Bank (ECB) also propped up stock markets.

The STOXX Europe 600 Retail Index rose 1.9 percent, outperforming a 0.8 percent advance in the broader, pan-European STOXX 600 index and a similar rise in the pan-European FTSEurofirst 300 index.

German retailer Metro AG climbed 3 percent after it reported strong Christmas sales.

British supermarket operator Morrison also rose 5.6 percent as investors welcomed the departure of Morrison boss Dalton Philips, who had presided over weak Christmas trading figures.   Continuación...