European shares rise on commodity relief, Beiersdorf boost

jueves 15 de enero de 2015 04:49 GYT

* FTSEurofirst 300 up 1.2 pct as oil and mining stocks bounce

* Gains seen fragile amid global growth worries

* Beiersdorf, H&M boosted by strong sales reports

By Francesco Canepa

LONDON, Jan 15 (Reuters) - European shares rebounded on Thursday, boosted by a bounce in mining and oil companies, as well as by strong sales at retailer H&M and Nivea cream-maker Beiersdorf.

Markets were expected to remain volatile as investors reassessed global growth and inflation prospects amid a slowdown in areas such as the euro zone and China.

Shares in oil & gas and basic resources companies led the bounce, rising 1.8 percent and 1.2 percent respectively, after Brent crude staged a late recovery on Wednesday, although it dipped again early on Thursday.

Copper climbed after hitting its lowest level since January 2009.

Shares that had been hit hard during the recent oil slump posted the biggest gains on Thursday as traders took profit on some of their bearish bets.   Continuación...