BUZZ-What's hot, what's not: peripheral banks and Nordic resources

** Peripheral financials the biggest winners on the Stoxx 600 over past month as ECB cuts rates to record lows.

** Cut in the main refinancing rate to 0.05 pct from 0.15 pct boosts banks and eurozone stocks in general.

** Portuguese, Greek, Italian and Irish banks the best performers in the last month.

Chart on price change: http://link.reuters.com/kep82w

** Price rises put a stretch on valuations, with the same companies now some of the most expensive in Europe.

Chart on forward P/E: http://link.reuters.com/nep82w

** Banco Comercial Portugues up 25.3 pct, on a forward P/E of 22.9.

** Greek banks Piraeus and Alpha Bank (Other OTC: ALBWF - news) up an average of 12.2 pct, trading on 25.3 average forward P/E.

** Bank of Ireland (Other OTC: IRLD - news) up 22.9 pct.

** Other winners include Portugal Telecom, up 24 pct.

** Worst-performing countries (UK, Norway and Sweden) all non-eurozone, with energy and materials stocks dragging on returns. (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)