CORRECTED-European shares end higher as China move offsets G20 disappointment

lunes 29 de febrero de 2016 17:00 GYT
 

(Corrects first paragraph to show shares rose)

* Pan-European index rises 0.7 percent to end at 4-week high

* Miners top sectoral gainer, Fiat tops positive auto sector

* UK supermarket Morrisons surges on Amazon deal

* Germany's DAX underperforms, hindered by BASF, utilities

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Feb 29 (Reuters) - European shares rose on Monday as a decision by China to resume its easing cycle more than offset disappointment over the G20 meeting failing to agree new measures to boost growth.

The pan-European FTSEurofirst 300 index ended up 0.7 percent at 1,313.74 points, its highest level since Feb. 2. The index however registered its third straight month of losses due to investor concerns over the global growth outlook.

Fresh euro zone data showed inflation unexpectedly turned negative in February, helping the market come off lows and adding weight to expectations the ECB will further boost stimulus measures at its meeting next month.   Continuación...