European shares lifted by positive business surveys, Commerzbank

lunes 2 de noviembre de 2015 11:14 GYT
 

* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.6 pct

* Athens' ATG up 2.9 percent as banks rally after ECB test

* Commerzbank gains after dividend news, HSBC slips

* Electrolux down as U.S. rejects proposal on GE business (Updates prices)

By Kit Rees and Danilo Masoni

LONDON, Nov 2 (Reuters) - European shares had a positive start to the week after business surveys (PMIs) from around the euro zone beat expectations, while Commerzbank's better-than-expected results brightened a mixed picture for earnings season.

Traders also noted supportive comments from the European Central Bank (ECB) after its president, Mario Draghi, said in an interview over the weekend that it was ready to do what it takes to keep its medium-term inflation target on course.

The pan-European FTSEurofirst 300 index was up 0.3 percent, reversing early losses after weak Chinese data sparked global growth concerns, while the euro zone's blue-chip Euro STOXX 50 index was up 0.6 percent by 1443 GMT.

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