European shares rise after U.S jobs report, led by miners

viernes 4 de marzo de 2016 10:04 GYT
 

* Gemalto surges after results

* Firmer metals prices boost mining stocks

* Carige leads Italian banks lower (Adds details, updates prices)

By Danilo Masoni and Sudip Kar-Gupta

MILAN/LONDON, March 4 (Reuters) - European shares rose on Friday after strong U.S jobs data eased concerns of a possible recession in the world's largest economy, with Gemalto lifted by solid results and miners boosted by firmer metal prices.

The pan-European FTSEurofirst 300 index, which had risen in five of the last six sessions, was up 0.6 percent by 1452 GMT. The euro zone's Euro STOXX 50 index was up 0.85 percent.

U.S. employment gains surged in February, the clearest sign yet of labor market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year.

"Risk mood is on and concerns over a recession are starting to disappear," said Consultinvest fund manager Enrico Vaccari.

European stocks have rallied after a rocky start to 2016, as oil prices recovered and fears over a U.S. economic slowdown abated. Nevertheless, the FTSEurofirst remains down around 7 percent since the start of the year.   Continuación...