European stocks rise sharply on banks, telecoms

lunes 15 de febrero de 2016 11:56 GYT

* FTSEurofirst 300 up sharply for second day running

* French telecoms rally as M&A talk heats up

* Greek stock market rises 7.4 pct (Updates prices, adds detail)

By Danilo Masoni

MILAN, Feb 15 (Reuters) - European shares rose sharply for the second consecutive session on Monday, boosted by a rebound in banking stocks and French telecoms shares amid signs of takeover activity in the sector.

The pan-European FTSEurofirst 300 index, which rose 3 percent on Friday, gained a further 3 percent.

But the index remains down around 12 percent this year because of worries over a global economic slowdown and the health of Europe's banking sector.

Bank stocks rose on Monday as investors welcomed plans by the European Central Bank (ECB) to buy bundles of Italian bad bank loans as part of its asset-purchase programme.

The Greek stock market climbed 7.4 percent after the debt-ridden country's central government registered a primary budget surplus of 1.193 billion euros ($1.34 billion) in January.   Continuación...