European shares inch up; Julius Baer jumps

lunes 2 de febrero de 2015 05:28 GYT

* FTSEurofirst 300 up 0.1 pct, starts month on positive note

* Spanish stocks fall as investors fret about Podemos

* Greek banking shares bounce; govt says won't appoint execs

By Blaise Robinson

PARIS, Feb 2 (Reuters) - European shares inched higher in early trading on Monday, starting the new month on a positive note following sharp gains in January, with Julius Baer rallying after unveiling a cost-cutting plan.

Madrid's IBEX index lagged, however, falling 1.3 percent as investors fretted about the risks associated with the rising popularity of Spanish anti-austerity party Podemos.

On Saturday, tens of thousands marched in Madrid in the biggest show of support yet for Podemos, whose policies have drawn comparisons with the Syriza party that now governs Greece.

"The situation in Greece seems manageable from an investor's point of view, given the size of the economy. But if the anti-austerity wave reaches Spain, that's another story," said Alexandre Baradez, chief market analyst at IG France.

"That's why people are trimming exposure to Spain this morning, despite the relatively good PMI figures."   Continuación...