European shares bounce from lows led by miners

martes 19 de enero de 2016 10:35 GYT
 

* FTSEurofirst 300 index rises 1.9 percent

* Mining and energy sectors lead the market

* Credit Agricole surges, Novozymes slumps

* Italy banks down as ECB asks bad loan data (Updates prices)

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 as prices of major industrial metals and crude oil surged following the release of Chinese growth data.

The pan-European FTSEurofirst 300 index was up 1.9 percent by 1413 GMT after slipping to a 13-month low in the previous day following three straight sessions of losses.

The STOXX Europe 600 Basic Resources index, which houses major mining stocks, rose 3.8 percent, while the European oil and gas index was up 2.3 percent, tracking gains in prices of commodities such as oil, copper, nickel and aluminium.

Shares in Anglo American, Glencore, Rio Tinto and BP rose 1.5 to 7.2 percent after economic data from China, the world's top metals consumer.   Continuación...