Europe shares inch up after forecast-beating German PMIs

martes 24 de marzo de 2015 04:58 GYT

* FTSEurofirst 300 up 0.1 pct, reverses early losses

* Poor Chinese factory data weighs on resource-related shares

* Carrefour falls after share placement

By Blaise Robinson

PARIS, March 24 (Reuters) - European shares inched higher in early trade on Tuesday after forecast-beating economic data from Germany helped offset a poor reading of Chinese factory activity.

Figures showed Germany's private sector grew in March at its strongest rate since July, in a further sign that Europe's largest economy is gaining momentum.

France's private sector expanded for the second straight month, chiming with recent figures showing that economy is edging back to growth.

At 0850 GMT, the FTSEurofirst 300 index of top European shares was up 0.1 percent at 1,602.56 points, after losing 0.7 percent on Monday.

"The environment for the euro zone is getting extremely positive: low interest rates, a weakening euro and falling commodity prices, coupled with strong action from the ECB," said Christian Jimenez, fund manager and president of Diamant Bleu Gestion, in Paris.   Continuación...