European shares rise as France gains after strong economic data

lunes 5 de octubre de 2015 06:03 GYT

(Adds details, updates prices)

* VW touches five-year low after 6.5 pct fall

* Glencore rallies, Arcelor rises on Citi upgrade

* K+S slumps after Potash withdraws bid

* Lisbon higher after Portuguese election

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Oct 5 (Reuters) - European shares rose sharply on Monday, with the French market outperforming after stronger-than-expected economic data, while Glencore and ArcelorMittal pushed up mining stocks and Volkswagen continued its slide.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both up 2 percent. Both indexes fell on Friday before Wall Street rebounded to end in the black.

France's CAC gained 2.9 percent after a report showed services activity accelerated in September more than previously thought, a sign that the euro zone's second-biggest economy finished the third quarter on a firm footing.   Continuación...