European shares rise early as China data reassures

martes 20 de enero de 2015 04:09 GYT

PARIS Jan 20 (Reuters) - European shares rose in early trade on Tuesday, tracking a rally in Asian shares after data showed China's economic growth slowed less than feared.

Shares in Unilever bucked the trend, falling 1.7 percent after the consumer goods major posted lower-than-expected fourth-quarter underlying sales growth due to weak emerging markets.

At 0805 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,417.33 points, just shy of a seven-year high hit in the previous session.

China's economy grew 7.4 percent in 2014, its slowest pace in 24 years and barely missing the country's official 7.5 percent target. But the data was seen as a relief for investors, who had feared a sharper slowdown. (Reporting by Blaise Robinson; Editing by Alistair Smout)