European shares bounce back as consumer goods stocks rise

jueves 7 de julio de 2016 04:23 GYT
 

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* STOXX 600 up over 1 percent after 3-day losing run

* Danone rises on WhiteWave deal

* Meyer Burger surges after H1 results

* STOXX 600 still down 7 percent since Brexit vote

By Sudip Kar-Gupta

LONDON, July 7 (Reuters) - European shares rose on Thursday after a three-day losing streak, buoyed by gains in major consumer goods stocks such as Danone and Associated British Foods.

The pan-European STOXX 600 index, which had fallen in the last three sessions, rose 1.5 percent while the FTSEurofirst 300 index advanced 1.4 percent.

Danone surged 7 percent as investors welcomed its plans to buy U.S. organic foods group WhiteWave in a $12.5 billion deal.   Continuación...