European shares in choppy waters as investors ponder ECB's Brexit reaction

viernes 1 de julio de 2016 05:23 GYT
 

* Pan-European STOXX 600 index up 0.2 percent

* Banks down 0.2 percent after positive open

* Autos lead sectoral gainers after France sales data

* Prosiebensat, Telefonica Deutschland slip after broker moves

By Danilo Masoni

MILAN, July 1 (Reuters) - European shares edged up in choppy trade on Friday as investors pondered possible measures the European Central Bank could put in place to ease worries about the fallout from Britain's vote to leave the European Union.

The pan-European STOXX 600 index rose 0.2 percent by 0837 GMT, while the FTSEurofirst 300 added 0.5 percent, both having fluctuated in and out of positive territory earlier in the session.

Talk of a possible looseing of rules for the ECB's bond buying programme sent Italian and Spanish borrowing costs sharply lower, initially boosting shares of banks from those countries which are among the most exposed in Europe to sovereign debt.

However, stocks came off highs after a central bank governing council member denied any immediate plans to do so.   Continuación...