European shares rise after China rebound and glimmer of hope on Greece

jueves 9 de julio de 2015 07:41 GYT

* FTSEurofirst 300 up 1 pct, Euro STOXX 50 up 0.9 pct

* Miners up on rally in metals prices, Chinese shares

* A.B. Foods gains as maintains current year guidance (Updates prices, adds detail)

By Atul Prakash and Liisa Tuhkanen

LONDON, July 9 (Reuters) - European shares rose on Thursday, supported by miners after a rally in metals and Chinese stocks, while some investors were betting Greece's creditors will look positively at reform proposals and finally agree a debt deal.

In a speech to the European Parliament, Greek Prime Minister Alexis Tsipras called for a fair deal after EU leaders gave him five days to come up with convincing reforms.

The Greek government submitted a request to the European Stability Mechanism bailout fund to borrow an unspecified amount "to meet Greece's debt obligations and to ensure stability of the financial system" and promised to begin implementing tax and pension measures.

"Investors have a glimmer of hope from the fact that in Alexis Tsipras' speech he still refers to a deal being struck. And with the removal of Yanis Varoufakis as finance minister, there is clearly an intent to improve relations with the Troika creditor group," Lorne Baring, managing director of B Capital Wealth Management, said.

"However, in the face of the Greek tragedy and China market turbulence, investors still have plenty to worry about."   Continuación...