European shares rebound helped by China data; wind firms rise

lunes 14 de diciembre de 2015 05:55 GYT
 

* FTSEurofirst rises 0.8 pct

* Vestas, Nordex rise after climate deal

* Dialog up on hopes Atmel could be in doubt (Adds details, updates prices)

By Danilo Masoni

MILAN, Dec 14 (Reuters) - European shares rose on Monday, helped by data in China showing signs of stabilisation, while wind turbine makers were among the leading gainers after world leaders agreed on a landmark climate deal.

The pan-European FTSEurofirst index was up 0.88 percent by 0943 GMT, after falling 2.1 percent on Friday to two-month lows on concerns over the Chinese economy on the back of the yuan falling to multi-year lows.

China's activity data was stronger than expected in November, with factory output growth picking up to a five-month high, signalling that a flurry of stimulus measures from Beijing may have put a floor under a fragile economy.

"The encouraging news is that it seems to be some stabilisation in the Chinese economy," said Gerhard Schwarz, head of equity strategy at Baader Bank.

One trader said market sentiment was also supported by the failure of Marine Le Pen's far-right National Front to win any regions in French elections on Sunday. Among main national indexes France's CAC was the top gainer with a 1.3 percent rise.   Continuación...