European shares end higher led by banks, miners

miércoles 2 de marzo de 2016 13:34 GYT

* FTSEurofirst ends up 0.7 percent

* Banks make fifth straight day of gains

* Miners rise on new Chinese stimulus measures

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

By Danilo Masoni

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

The pan-European FTSEurofirst 300 index ended up 0.7 percent at 1,341.88 points after a volatile day, helped late in the session by oil prices reversing initial losses which were triggered by a huge build in U.S. crude stockpiles.

"If oil traders shrug off the data then this would be a very bullish outcome for oil prices and indeed equity markets," Gain Capital analyst Fawad Razaqzada said in a note.

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...