European shares rise as Deutsche Bank recovers

miércoles 28 de septiembre de 2016 04:32 GYT
 

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* Pan-European STOXX 600 index up 1 percent

* Miners lead sectoral gainers, oils up as crude prices rise

* Deutsche recovers after CEO says no cash call needed

* Sainsbury drops after disappointing update

By Danilo Masoni

LONDON, Sept 28 (Reuters) - European shares rose on Wednesday, helped by gains among commodity stocks, while Deutsche Bank recovered from all-time lows hit in the previous session after its CEO said there was no need of a cash call.

The pan-European STOXX 600 index rose 1 percent, with basic resources stocks leading sectoral gainers on the back of higher metal prices, while rising crude prices helped energy stocks.

Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise reduction in U.S. crude stockpiles, although worries over a lack of agreement among producers to curb output kept a lid on gains.   Continuación...