European shares snap 7-day losing streak as Deutsche Bank surges

miércoles 10 de febrero de 2016 07:40 GYT

* FTSEurofirst 300 recovers after sharp fall

* Deutsche Bank climbs on FT report of bond buyback plan

* Investors look ahead to Yellen testimony for rate clues

* Unibet surges after results (Adds details, updates share prices)

By Sudip Kar-Gupta and Danilo Masoni

LONDON/MILAN, Feb 10 (Reuters) - European shares snapped a seven-day losing streak on Wednesday, helped by some solid corporate earnings and a recovery in Deutsche Bank from 30-year lows.

The pan-European FTSEurofirst 300 index, which had fallen 1.6 percent to its lowest point since September 2013 on Tuesday, was up 2.1 percent at 1,246.21 points.

The euro zone's blue-chip Euro STOXX 50 index also gained 2.6 percent.

Deutsche Bank also climbed 12.8 percent after the Financial Times reported it was considering buying back several billion euros of its debt in an attempt to shore up the tumbling value of its securities.   Continuación...