European shares climb but Electrolux slumps as GE deal fails

lunes 7 de diciembre de 2015 05:15 GYT
 

* FTSEurofirst up around 1 pct

* Electrolux slumps as GE deal falls through

* Health care stocks outperform

By Sudip Kar-Gupta

LONDON, Dec 7 (Reuters) - European shares rose on Monday from the three-week lows they reached last week, although Electrolux slumped after its deal to buy General Electric's appliance business fell through.

GE terminated the $3.3 billion agreement, which the U.S. Department of Justice had asked a federal court to stop in July, on concern it would push up prices for consumers.

Electrolux fell 12.5 percent, underperforming a 1.1 percent gain in the pan-European FTSEurofirst 300 index.

Overall, European stock markets were supported by a rise in healthcare stocks as investment bank Jefferies increased its price target for such stocks GlaxoSmithKline, Roche and Sanofi. Novartis advanced on positive trial results for a leukemia to treat drug.

France's benchmark CAC-40 index advanced 1.1 percent, shrugging off victories in regional elections on Sunday for the country's far-right National Front party.   Continuación...