European shares pushed up by gains in Credit Agricole, Glencore

miércoles 17 de febrero de 2016 07:47 GYT

* Credit Agricole up after results and plans to change structure

* Glencore gains after refinancing debt

* RWE slumps after dividend scrapped for first time in 23 years

* FTSEurofirst rises but remains down since start of 2016 (Adds details, updates prices)

By Sudip Kar-Gupta

LONDON, Feb 17 (Reuters) - European stock markets resumed their recovery on Wednesday, boosted by a rise in the shares of French bank Credit Agricole and miner Glencore .

The pan-European FTSEurofirst 300 index was up 1.7 percent by 1127 GMT, and the euro zone's blue-chip index Eurostoxx 50 index added 1.8 percent.

The FTSEurofirst slipped 0.4 percent the previous day and remains down around 10 percent since the start of 2016 due to persistent concerns about a global economic slowdown and weak commodity prices. But the index has staged a recovery recently, rising 6 percent in the two sessions before Tuesday's slight drop, partly on a recovery in banking shares.

"Overall sentiment is neutral to positive, with the momentum clearly pointing to the upside," said City of London Markets Limited trader Markus Huber.   Continuación...