Miners help European shares to bounce back from lows

martes 19 de enero de 2016 05:18 GYT

* FTSEurofirst 300 index rises 1.4 percent

* Mining and energy sectors lead the market

* Credit Agricole surges, Novozymes slumps

By Atul Prakash

LONDON, Jan 19 (Reuters) - European equities bounced back from 13-month lows on Tuesday, with mining and energy stocks leading the market higher after prices of major industrial metals and crude oil surged following the release of Chinese growth data.

The pan-European FTSEurofirst 300 index was up 1.4 percent by 0820 GMT after slipping to a 13-month low in the previous session.

The STOXX Europe 600 Basic Resources index, which houses major mining stocks, rose 4.1 percent, while the European oil and gas index was up 1.8 percent, tracking gains in prices of commodities such as oil, copper, nickel and aluminium.

Shares in Anglo American, Glencore, Rio Tinto and BP rose 2.5 to 8.9 percent after growth numbers from China, the world's top metals consumer.

Growth in China's fourth-quarter gross domestic product eased, as expected, to 6.8 percent from a year earlier, down from 6.9 percent in the third quarter and marking the weakest pace of expansion since the first quarter of 2009. Full-year growth of 6.9 percent was China's poorest in a quarter of a century.   Continuación...