Inditex helps European stocks rebound after pull-back

miércoles 18 de marzo de 2015 05:25 GYT
 

* FTSEurofirst 300 up 0.2 pct after losing 0.7 pct on Tues

* Inditex climbs after posting rise in profits

* Markets await Fed's policy statement due at 1800 GMT

* Strong dollar already a form of tightening - analyst

By Blaise Robinson

PARIS, March 18 (Reuters) - European stocks rose in early trade on Wednesday, led by a rally in shares of Spanish fashion giant Inditex after it reported a rise in 2014 results, while investors awaited the U.S. Federal Reserve's policy statement.

Shares in the world's biggest fashion retailer rose 2.2 percent after it said overall sales had risen 8 percent to 18.12 billion euros last year, meeting market expectations.

Italian cable maker Prysmian rallied 3 percent and French rival Nexans added 1.9 percent, with traders citing speculation about consolidation in the sector.

A spokesman for Prysmian said late on Tuesday there were no talks ongoing with its U.S. peer General Cable. The comments came after a Bloomberg report said Prysmian had held preliminary talks with advisers about buying General Cable, sending the U.S. firm's stock up 21 percent on Tuesday.   Continuación...