European shares edge up led by banks; Luxottica down

miércoles 2 de marzo de 2016 11:53 GYT
 

* FTSEurofirst up 0.2 percent, off earlier highs

* Banks set for fifth straight day of gains

* Miners rise on new Chinese stimulus measures

* Luxottica, ITV down after earning updates (Updates prices)

By Danilo Masoni and Sudip Kar-Gupta

LONDON/MILAN, March 2 (Reuters) - European shares rose on Wednesday, with banks on course for their fifth straight day of gains after previously suffering heavy losses, while eyewear maker Luxottica led losers after it trimmed its profit guidance.

The pan-European FTSEurofirst 300 index was up 0.2 percent by 1519 GMT, off earlier highs as Wall Street opened lower on falling crude prices, while the euro zone's Euro STOXX 50 index was 0.4 percent firmer.

"We do appear to have turned a corner on European markets," said Hantec Markets' analyst Richard Perry. Others were more cautious, pointing to underlying signs of weakness in the global economy.

European stock markets slumped at the start of 2016 on concerns about a slowdown in China, the world's second-biggest economy, and worries surrounding the impact of low central bank rates and poor growth on banks' profitability.   Continuación...