European shares rise after UK rate cut, lifted by financials and industrials

jueves 4 de agosto de 2016 07:42 GYT

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds BoE decision, updates prices)

* STOXX 600 up 0.8 pct, extends gains after UK rate cut

* Siemens rises after raising outlook

* French group BIC also surges after H1 update

* Shares in Hikma slump

By Sudip Kar-Gupta

LONDON, Aug 4 (Reuters) - European shares rose on Thursday as a rise in the shares of major financial and industrial stocks such as Aviva and Siemens boosted the region's equity markets.

The pan-European STOXX 600 index rose 0.8 percent by 1132 GMT, although it remains down 7.5 percent so far in 2016. The index extended gains after the Bank of England cut interest rates for the first time since 2009, while Britain's FTSE turned higher and was up 1.4 percent.

"Today's BoE action is a significant step in attempting to support the UK," said Nandini Ramakrishnan, Global Market Strategist at JP Morgan Asset Management.   Continuación...