European shares regain some ground as Ericsson and LVMH rise

lunes 18 de enero de 2016 04:54 GYT

* FTSEurofirst 300 up 0.9 pct

* Index fell last week to lowest level since mid-Dec 2014

* Broker upgrades lift Ericsson, LVMH and CNP

* But Casino falls on bearish S&P note

By Sudip Kar-Gupta

LONDON, Jan 18 (Reuters) - European shares picked up on Monday from their lowest level in more than a year, helped partly by gains at mobile telecoms gear marker Ericsson and luxury goods group LVMH.

The pan-European FTSEurofirst 300 index, which had fallen 2.8 percent on Friday to its lowest level since mid-December 2014, rose 0.9 percent.

The euro zone's blue-chip Euro STOXX 50 index gained 0.7 percent and Germany's DAX rose 0.6 percent, although the DAX remains 22 percent a record high reached last April.

Investors added that European stocks were being further supported by a rise in U.S. equity futures , helping to offset another drop in oil prices.   Continuación...