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

jueves 9 de julio de 2015 11:22 GYT
 

* FTSEurofirst 300 up 2.5 pct, Euro STOXX 50 up 3.1 pct

* Miners up on rally in metals prices, Chinese shares

* A.B. Foods gains as it maintains current year guidance (Updates prices)

By 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.

The euro zone's Euro STOXX 50 index rose 3.1 percent, while the pan-European FTSEurofirst 300 index was up 2.5 percent at 1,514.59 points by 1511 GMT.

Germany's DAX advanced 2.6 percent, Spain's IBEX gained 2.6 percent and Italy's FTSE MIB climbed 3.8 percent.

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.

"Investors have a glimmer of hope from the fact that in Alexis Tsipras' speech he still refers to a deal being struck," said Lorne Baring, managing director at B Capital Wealth Management.   Continuación...