European shares edge up before ECB meeting; Pearson jumps

jueves 21 de enero de 2016 07:18 GYT

* FTSEurofirst 300 up 0.8 percent

* Pearson and Logitech among top gainers

* Deutsche Bank hit by capital concerns (Adds details, updates prices)

By Atul Prakash and Danilo Masoni

LONDON/MILAN, Jan 21 (Reuters) - European equities edged up on Thursday after slumping in the previous session following a rout in commodity prices and heavy losses among banking stocks, with a rally in Pearson and Logitech underpinning the market.

Investors awaited a meeting of the European Central Bank, which is expected to keep interest rates on hold but highlight increasing growth and inflation risks, raising the prospect of further policy easing later this year.

"The market is in waiting mode, with the rebound coming after the last few days' sell-off," said ActivTrades chief market analyst Carlo Alberto De Casa. "(ECB chief Mario) Draghi is being called on to talk down the bleeding on banking stocks."

The pan-European FTSEurofirst 300 index was up 0.84 percent by 1059 GMT. It fell 3.3 percent to its lowest level since October 2014 in the previous session.

However, sentiment remained fragile as initial gains on Asian stocks fizzled out. A further drop in crude oil prices is seen maintaining downward pressure on world markets.   Continuación...