European shares lifted by PMI pick-up, Commerzbank

lunes 2 de noviembre de 2015 09:23 GYT

* FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.5 pct

* Athens' ATG rises 2 percent as banks rally after ECB test

* Commerzbank rallies as it returns to div, HSBC slips

* Electrolux down as U.S. rejects proposal on GE business (Recasts, adds detail and quote)

By Kit Rees and Danilo Masoni

LONDON, Nov 2 (Reuters) - European shares had a positive start to the week after PMI figures from eurozone countries exceeded expectations, while Commerzbank's better-than-expected results brightened a mixed picture for earnings season.

Traders also pointed to supportive comments from central bankers. In an interview over the weekend, ECB chief Mario Draghi said the central bank was ready to do what it takes to keep its medium-term inflation target on course.

The pan-European FTSEurofirst 300 index was up 0.2 percent, off opening lows touched after weak Chinese data sparked global growth concerns, while the euro zone's blue-chip Euro STOXX 50 index was up 0.5 percent.

"We've seen some strong German PMI figures which does breathe some optimism back into the market," said Jonathan Roy, advisory investment manager at Charles Hanover Investments, adding that investors were being driven back into equities on the expectation of higher earnings and more liquidity.   Continuación...