Carmakers help European shares to recover lost ground

lunes 11 de enero de 2016 06:00 GYT
 

* VW and Daimler among top performers

* Some investors see more room for China policy boost

* Fingerprint boosted by bullish broker note

By Sudip Kar-Gupta

LONDON, Jan 11 (Reuters) - European shares recovered some of last week's hefty losses on Monday, helped by gains in the car sector and the potential for China to do more to prop up its slowing economy.

The pan-European FTSEurofirst 300 index rose 0.5 percent, but the previous week's 7 percent slump meant the index remains near its lowest level in more than three months.

The euro zone's blue-chip Euro STOXX 50 index advanced by 0.9 percent.

China allowed its yuan currency to strengthen for a second straight session on Monday in a move that could calm concerns over Beijing's readiness to let the currency depreciate.

The development added to doubts over Beijing's ultimate policy intent, however. It failed to stop investors selling Chinese shares, though some saw the move as a signal that China would work hard to support the world's second-biggest economy.   Continuación...