European shares led higher by Casino; Burberry slumps

jueves 15 de octubre de 2015 12:36 GYT

* FTSEurofirst 300 up 1.4 percent

* Results lift French retailer Casino

* Burberry slumps as China slowdown leads to sales miss

* Eyes on earnings and U.S. consumer prices data (Updates with closing prices)

By Danilo Masoni and Alistair Smout

MILAN/LONDON, Oct 15 (Reuters) - European shares rose on Thursday, bouncing back after three days of losses, with retailer Casino and consumer goods maker Unilever lifted by positive results.

The pan-European FTSEurofirst 300 index closed up 1.4 percent at 1,425.44 points, while the euro zone's blue-chip Euro STOXX 50 index rose 1.5 percent, with investors betting on a continued easy monetary policy environment.

U.S. consumer prices recorded their biggest drop in eight months in September as the cost of gasoline fell, confirming a low-inflation environment.

"With U.S. rates not likely to go up any time soon, China stabilising and markets having come off substantially from their highs over the past few months, some feel increasingly tempted to take advantage of generally lower valuations," said Peregrine & Black trader Markus Huber in a note.   Continuación...