European shares rise on firmer oil and chance of more stimulus

miércoles 29 de junio de 2016 03:19 GYT
 

LONDON, June 29 (Reuters) - European shares rose on Wednesday, with higher oil prices and the chance of more monetary stimulus helping markets in their bid to recover from the hit from Britain's vote to exit the European Union.

The pan-European STOXX 600 index, which had slumped 11 percent over the course of Friday and Monday, rose 1.2 percent, building on a 2.6 percent gain in the previous session.

The FTSEurofirst 300 also stood 1.2 percent higher.

The shares of European oil majors rose as the impact from a potential strike in Norway lifted oil prices.

European stocks were further supported from a drop in sovereign bond yields, with France's 10-year bond yield hitting a new record low amid expectations for further monetary stimulus to offset the negative impact of last week's 'Brexit' vote on the euro zone economy. (Reporting by Sudip Kar-Gupta; Editing by Atul Prakash)