European shares rise to hover near 8 month highs

miércoles 7 de septiembre de 2016 12:56 GYT

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* STOXX Europe 600 closes up 0.3 pct, near eight-month highs

* Weir Group rises but Dorma+Kaba falls

* STOXX 600 down 4 pct so far in 2016

By Sudip Kar-Gupta

LONDON, Sept 7 (Reuters) - European shares rose on Wednesday, taking a benchmark index close to eight-month highs, helped by some well-received company results and the prospect of more monetary stimulus from the European Central Bank.

The STOXX Europe 600 index finished up 0.3 percent at 350.46 points, near its highest level since January, although the index remains down by 4 percent so far in 2016.

European stock markets were propped up as euro zone bond yields fell on bets that the ECB, which meets on Thursday, will announce further policy easing measures.

Lower bond yields and negative interest rates have hit returns on bonds and cash, driving investors over to the better returns available from stocks, although negative rates may also affect the profitability of European banks.   Continuación...