European shares steady as Deutsche picks up from record lows

martes 27 de septiembre de 2016 12:42 GYT
 

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* STOXX 600 inches up 0.1 pct, down 7 pct year-to-date

* Deutsche Bank ends flat after touching record lows

* Oil index falls, topping sectoral fallers

By Danilo Masoni

LONDON, Sept 27 (Reuters) - European shares edged up on Tuesday at the end of a volatile day with Deutsche Bank picking up from record lows on hopes a U.S. demand for $14 billion to settle claims that it missold mortgage-backed securities could be lowered.

The pan-European STOXX 600 index added 0.1 percent as gains in consumer stocks such as Nestle were offset by weaker crude prices that weighed on oil & gas stocks, making them the top sectoral faller.

Deutsche Bank ended little changed after falling as much as 3.4 percent earlier in the session on concerns it may need to tap investors to raise funds to pay for the mortgage case and other litigations.

Traders said the stock recovered thanks to remarks by a U.S. Justice Department official on the possibility of lowering mortgage-related penalties for banks if they cooperated with authorities.   Continuación...