European shares touch one-month high with help of commodities

miércoles 7 de octubre de 2015 06:51 GYT
 

* Pan-European FTSEurofirst 300 index up 0.65 pct

* Mining and energy shares among top gainers

* SABMiller up after InBev's revised offer

* Airlines down on stronger crude oil prices

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Oct 7 (Reuters) - European shares rose for a fourth straight session to a one-month high on Wednesday, with SABMiller gaining after a revised offer from Anheuser-Busch InBev and commodities stocks extending recent gains.

The pan-European FTSEurofirst 300 index was up 0.65 percent after initially rising more than 1 percent to touch its highest level since early September. The euro zone's blue-chip Euro STOXX 50 climbed 0.8 percent.

Some investors said fundamentals were not driving the rally, but loose monetary policies would probably help it continue.

"The macro picture gives no reason to either buy or sell stocks, but given the low bond yields, there are few investment alternatives to equities," said Riccardo Ambrosetti, chairman of Italy's Ambrosetti Asset Management.   Continuación...