European shares rise as mining sector gains offset Brexit, HSBC concerns

lunes 22 de febrero de 2016 13:44 GYT
 

* FTSEurofirst 300 closes up 1.7 pct

* HSBC lower after results

* Telecom Italia up on Vivendi move

* Signs of ECB attention lift bank stocks (Adds details, updates prices)

By Sudip Kar-Gupta

LONDON, Feb 22 (Reuters) - European stocks rose on Monday as firmer mining company shares helped offset concerns about Britain's potential exit from the European Union, and a fall in HSBC.

Signs that the European Central Bank (ECB) would try to protect banks from being hit too hard by negative interest rates lifted euro zone banking stocks, with bonds and shares in Italy and Portugal - the focus of recent concern about the health of Europe's financial sector - getting a boost.

The pan-European FTSEurofirst 300 ended up 1.7 percent. The index is down nearly 10 percent since the start of 2016 due to concerns about a global economic slowdown.

Britain's FTSE 100 rose 1.5 percent, underperforming gains of 2 percent on Germany's DAX and 1.8 percent on France's CAC.   Continuación...