European shares rebound as Lloyds and AXA lift financials

jueves 25 de febrero de 2016 07:20 GYT
 

* FTSEurofirst rises but down since start of 2016

* Lloyds and AXA rise after results

* Zodiac slumps after profit warning

* Citi stays overweight on continental Europe shares (Adds details, updates prices)

By Sudip Kar-Gupta

LONDON Feb 25 (Reuters) - European shares rebounded on Thursday from losses earlier in the week, as solid corporate results from the likes of French insurer AXA and British bank Lloyds lifted stock markets.

The pan-European FTSEurofirst 300 index, which had fallen around 4 percent in the previous two sessions, rose 1.4 percent by 1105 GMT.

The FTSEurofirst nevertheless remains down by around 10 percent since the start of 2016, with concerns about a slowing global economy weighing on world stock markets and commodity prices.

Markets were looking ahead to this weekend's G20 meeting of world financial leaders in Shanghai but some investors were skeptical it could provide a big boost to sentiment.   Continuación...