UPDATE 9-Police consider manslaughter charges over London blaze as thousands evacuated
* Police fear death toll could rise above 79 (Updates number of people affected, adds political reaction)
* FTSEurofirst 300 up 1.8 pct, Euro STOXX 50 up 1.9 pct * Robust Chinese, euro zone data fans recovery hopes * Major investment banks upbeat on European stocks * Buy Italy, Germany; sell Switzerland, Nomura says By Blaise Robinson PARIS, Sept 2 European shares surged on Monday in a broad-based rally after Chinese and European factory data showed the global economic recovery is on track. A batch of upbeat notes from top investment banks, including a UBS upgrade on continental European equities to 'overweight' from 'neutral', also lifted the market mood. The FTSEurofirst 300 index of top European shares gained 1.8 percent to 1,217.01 points, its biggest one-day rise in nearly two months. The euro zone's blue-chip Euro STOXX 50 index added 1.9 percent to 2,774.09 points. Trading volumes were relatively low in the absence of U.S. investors due to a public holiday. Mining shares featured among the top gainers, with Rio Tinto rising 4.2 percent and Anglo American up 3.9 percent after China's factory activity expanded at the fastest pace in more than a year last month, with a jump in new orders. Bullish data also came from Europe, with British manufacturing accelerating again in August while euro zone factory activity expanded at its fastest pace in over two years. "Things are finally moving in Europe. Even though economic growth is partially driven by rising public spending, it's creating the conditions for a pickup in corporate investment," said Patrick Legland, head of research at Societe Generale. "We're positive on European equities, and we think that the improvement in the region's economic momentum has not really been priced in by investors yet." Recent data from Societe Generale showed that it would still take $100 billion of net inflows into European equities to make up for the sharp outflows seen since 2007. Around Europe, UK's FTSE 100 index climbed 1.5 percent, Germany's DAX index rose 1.7 percent, and France's CAC 40 added 1.8 percent. UK telecom firm Vodafone gained 3.4 percent after announcing talks with Verizon to sell its 45 percent stake in the Verizon Wireless joint venture. The $130 billion deal was agreed after the market close. The talks triggered a sharp rally in the telecom sector, with Telecom Italia surging 3.9 percent on speculation it could be the next to join the merger wave. Bullish notes from JPMorgan, Morgan Stanley, UBS and Nomura also lent support to the market. In their upgrade, UBS strategists cited regional data that "continues to surprise on the upside" and the fact that "the fiscal drag is dissipating." For JPMorgan strategists, investors should "keep adding to Europe", saying the key driver is still the activity momentum, while Morgan Stanley recommended buying "European exposure". Nomura favoured shares of domestic-oriented companies, with a 'buy' recommendation on German and Italian shares and a 'sell' recommendation on Swiss equities. "Italy is the clear value proposition, and ranks cheapest of the major country indices on price/book and enterprise value to capital employed," Nomura strategists wrote.
June 23 Brazil's top federal prosecutor will level corruption charges against President Michel Temer one at a time instead of making all the accusations at once, a strategy aimed at weakening his defense, a source with direct knowledge of the process told Reuters on Friday.