European stocks kept steady by surge in German utilities

lunes 12 de octubre de 2015 04:22 GYT

* RWE and E.ON both surge by more than 10 pct

* German utilities pass "stress test" on nuclear plan

* FTSEurofirst 300 and Euro STOXX flat

* Rolls Royce, Safran hit by reports of probe into sector

By Sudip Kar-Gupta

LONDON, Oct 12 (Reuters) - A surge in the shares of German utility stocks propped up European equities on Monday, enabling the region's stock markets to remain near one-month highs.

Germany's DAX outperformed to rise 0.7 percent, with utilities RWE and E.ON surging by 13 percent and 10 percent respectively.

The DAX outperformed a flat pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index , with the FTSEurofirst remaining near a one-month high reached on Friday.

Both RWE and E.ON rose after the German Economy Ministry said on Saturday that the operators of German nuclear power plants had set aside enough funds to pay for decommissioning the country's reactors.   Continuación...