European shares up; wind turbine makers among top gainers
MILAN Dec 14 (Reuters) - European shares opened higher on Monday as a sell-off triggered by China concerns and tumbling oil prices ran out of steam, with wind turbine makers Vestas Wind and Nordex among the leading gainers following a landmark climate deal.
The pan-European FTSEurofirst index was up 0.7 percent by 0825 GMT, after falling more than 2 percent on Friday.
Vestas Wind rose 2.5 percent, making it the second biggest gainer on the FTSEurofirst index. Among other possible beneficiaries of the climate deal, Nordex rose 3.6 percent and Gamesa, which also makes wind turbines, rose 1.3 percent.
South-Africa exposed Old Mutual surged 10 percent after the rand advanced following the appointment of a new finance minister in the country.
Telecom Italia ordinary shares rose 1.9 percent as a plan to convert saving shares into ordinary stock was seen at risk after top investor Vivendi said it would abstain from voting in favour of the move. (Reporting by Danilo Masoni; Editing by Atul Prakash)
© Thomson Reuters 2017 All rights reserved.