European shares lifted by signs of central bank support

viernes 1 de julio de 2016 13:02 GYT

* Pan-European STOXX 600 index closes up 0.7 pct

* FTSEurofirst ends up 0.8 pct

* Markets propped up by prospect of more ECB help

By Sudip Kar-Gupta

LONDON, July 1 (Reuters) - European shares rose on Friday, lifted by expectations that the European Central Bank would take action to support markets in order to ease worries about the fallout from Britain's vote to leave the European Union.

The pan-European STOXX 600 index rose 0.7 percent, while the FTSEurofirst 300 index climbed 0.8 percent.

The STOXX 600 rose around 3 percent over the week, although it remains 4 percent below its closing level on June 23 - the day before the result came through that Britain had voted to leave the European Union.

The STOXX 600 slumped 11 percent in the first two trading sessions following that "Brexit" vote result in the United Kingdom, but has since recovered some ground, helped by signs that the ECB and Bank of England will look to prop up markets.

ECB Executive Council member Benoit Coeure told Le Monde newspaper central banks were ready to act if they felt the Brexit vote threatened financial stability.   Continuación...