European shares end higher helped by miners

martes 19 de enero de 2016 13:34 GYT
 

* FTSEurofirst 300 index rises 1.4 percent

* Mining and energy sectors higher

* Credit Agricole surges, Novozymes slumps

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

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Jan 19 (Reuters) - European equities bounced back from 13-month lows on Tuesday helped by mining and energy stocks as prices of major industrial metals and crude oil surged following the release of Chinese growth data.

"As figures weaken in absolute terms, we can potentially see additional stimulus measures. That is helping investors' appetite for risk," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets in Brussels, said.

The pan-European FTSEurofirst 300 index closed up 1.4 percent after slipping to a 13-month low in three straight sessions of losses.

The STOXX Europe 600 Basic Resources index, which houses major mining stocks, rose 1.5 percent, while the European oil and gas index was up 1.1 percent, tracking gains in prices of commodities such as oil, copper, nickel and aluminium.   Continuación...