European shares fall on Chinese import data, SABMiller soars

martes 13 de octubre de 2015 10:02 GYT
 

* SABMiller soars after accepting ABInBev takeover offer

* SAP rises as Q3 profits beat analyst expectations

* Portuguese banks lower, hit by political uncertainty (Adds quote, detail)

By Danilo Masoni and Alistair Smout

MILAN/LONDON, Oct 13 (Reuters) - European shares fell on Tuesday following disappointing Chinese import data, dragged down by auto and mining stocks, though SABMiller soared after accepting a takeover proposal from rival Anheuser-Busch InBev.

The pan-European FTSEurofirst 300 index was down 1.3 percent, with the euro zone's blue-chip Euro STOXX 50 also down 1.3 percent.

China's exports fell less than expected in September, but a sharper fall in imports left economists divided over whether the world's second largest economy's ailing trade sector is showing signs of turning around.

"While Chinese exports posted a healthy rebound, weak imports are still indicating that the Chinese economy is continuing to struggle," said Markus Huber, trader and analyst at Peregrine & Black.

Cars and miners were among the top sectoral fallers following the data. But Huber said some investors viewed the data as a catalyst for more Chinese government and central bank action in the coming months, adding that the lower prices could tempt buyers back into the market.   Continuación...