European shares end off highs as oil turns back to $30

martes 12 de enero de 2016 13:46 GYT

* FTSEurofirst 300 index up 1 pct

* Oil prices turns lower into $30 area

* Retail shares, SAP rise on positive updates

* EDF drops after report over nuclear waste (Adds details, updates prices)

By Danilo Masoni and Atul Prakash

MILAN/LONDON , Jan 12 (Reuters) - European stocks rose on Tuesday, helped by solid updates from retailers and companies in other sectors but ended off earlier highs as volatile oil prices turned sharply lower.

The FTSEurofirst 300 index < .FTEU3> closed up 1 percent at 1,349.16 points to snap four sessions of declines, but below an intra-day high of 1,362.16 points.

Crude oil steadied at around $32 per barrel earlier in the session but in the last two hours of trading it fell back to the $30 area, a near 12-year low, dragging indexes off highs and pushing energy stocks into the red.

The deepening slide of crude oil and volatile Chinese stock markets have contributed to a rocky start to 2016 for global stocks. The FTSEurofirst 300 has lost more than 6 percent since the beginning of the year.   Continuación...