European shares propped up by rise in Britain's FTSE

jueves 24 de diciembre de 2015 09:57 GYT

* FTSE lifted by rise in commodity stocks

* Half-day of trading across most European stock markets (Updates with prices at close)

By Sudip Kar-Gupta and Kit Rees

LONDON, Dec 24 (Reuters) - A rise in Britain's stock market, where commodity-related companies climbed on the back of a further rebound in oil prices, propped up European equities on Thursday.

Britain's blue-chip FTSE 100 index was up 0.2 percent at its close. In continental Europe, Spain's IBEX closed 0.4 percent higher, while France's CAC was down 0.2 percent at its close.

Germany's DAX market was closed for the session, while other markets had a half-day of trading ahead of the Christmas holiday, and volumes were below average.

Oil majors such as BP and Royal Dutch Shell climbed 1.5 percent and 0.4 percent respectively, as U.S. crude prices rose for a fourth straight session.

"The London market is benefiting from the latest rebound in crude oil prices," said Spreadex analyst Connor Campbell.

"The oil price, so troublesome in the run in to Christmas, is now hovering just below the $38 per barrel mark, boosted by a crude oil inventories figure on Wednesday."   Continuación...