Commodities stocks push European shares higher, Accor leads

viernes 3 de junio de 2016 04:29 GYT

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details)

* FTSEurofirst 300 up 0.6 pct, STOXX 600 up 0.5 pct

* Accor up on report Jin Jiang plans to hike stake

* Commodities stocks track higher metals, oil prices

By Atul Prakash

LONDON, June 3 (Reuters) - European equities advanced on Friday, with French hotel group Accor climbing on a report that China's Jin Jiang was planning to hike its stake in the group, while a recovery in commodities prices boosted mining and energy stocks.

Accor shares rose 3.1 percent, the top gainer in the pan-European FTSEurofirst 300 index, after French newspaper Le Figaro reported that Jin Jiang was considering increasing its Accor holding to 29 percent. Accor declined to comment.

The FTSEurofirst 300 index rose 0.6 percent, but the index was down nearly 1 percent for the week after gaining for the previous three weeks running. The STOXX Europe 600 index was up 0.5 percent.

Investors avoided placing big bets ahead of U.S. jobs data that could provide some hints about the timing of the Federal Reserve's likely move on hike interest rates. Non-farm payrolls probably rose by 164,000 jobs in May after rising by 160,000 in April, according to a Reuters survey.   Continuación...