European stock markets lifted by firmer financial shares

martes 29 de diciembre de 2015 04:48 GYT

* FTSEurofirst 300 up 0.9 pct, FTSE 100 up 0.4 pct

* FTSE underperforms due to weaker mining stocks

* Volumes thin due to holiday season

By Sudip Kar-Gupta

LONDON, Dec 29 (Reuters) - European stock markets climbed higher on Tuesday, helped by gains in the banking sector, although weaker mining share prices curbed the progress of the British market.

The pan-European FTSEurofirst 300 index rose 0.9 percent while the euro zone's blue-chip Euro STOXX 50 index advanced 1.3 percent.

With many traders away for the Christmas holiday season, trading volumes were just a 10th of the FTSEurofirst's three-month daily average.

Deutsche Bank rose 1.6 percent following its move to sell its 20 percent stake in China's Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion).

Deutsche Bank's share price rise enabled the STOXX Europe 600 Banking Index to advance 0.5 percent.   Continuación...