European shares supported by D.Bank rebound, firmer health stocks

jueves 8 de octubre de 2015 04:25 GYT
 

* Healthcare stocks rise after U.S. peers rallied overnight

* Deutsche Bank shares turn positive after initial losses

* Deutsche seen avoiding capital increase

* Germany's DAX still some 20 pct below April record high

By Sudip Kar-Gupta

LONDON, Oct 8 (Reuters) - European shares held steady on Thursday, propped up by a rise in healthcare stocks while Deutsche Bank also recovered from initial losses on expectations it would avoid having to raise new capital.

The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both up 0.2 percent, while Germany's DAX rose 0.4 percent.

Deutsche Bank shares initially fell around 2 percent after the company said late on Wednesday that it was bracing for a record pre-tax loss of 6 billion euros ($6.8 billion).

However, the stock then recovered to stand 2 percent higher with some analysts arguing the company's decision to cut or skip dividend payments would enable it to avoid a capital increase.   Continuación...