European stocks rebound as tech shares turn higher

lunes 30 de marzo de 2015 10:03 GYT
 

* Greek market edges down as talks on reforms go on

* Yoox rises on Net-A-Porter talks

* FTSEurofirst 300 up 1 pct, DAX up 1.4 pct

* M&A among U.S. chipmakers sparks rebound in tech shares

By Blaise Robinson and Sudip Kar-Gupta

PARIS, March 30 (Reuters) - European stocks rose on Monday, bouncing back from last week's losses with tech shares rallying after merger talks in the industry spurred rallies in the sector.

Shares in European technology stocks such as Infineon , STMicroelectronics and ASML were all up 2-3 percent on Monday.

U.S. tech stocks had climbed on Friday after news of Intel's talks to buy fellow chipmaker Altera in a deal likely to top $10 billion.

Signs of merger and acquisition (M&A) activity also pushed up the shares of Yoox by 9.4 percent, after Yoox and Richemont's Net-a-Porter confirmed merger talks to create an industry leader in the fast-growing online fashion market.   Continuación...