Expectations of ECB, China stimulus measures lift European shares

martes 25 de marzo de 2014 11:22 GYT
 

* FTSEurofirst 300 rises 1.3 pct

* Miners lifted by speculation of China central bank action

* Credit Suisse has end-2014 target of 3,600 for EuroSTOXX50

By Sudip Kar-Gupta

LONDON, March 25 (Reuters) - European shares rebounded on Tuesday, lifted by expectations of stimulus measures from the European Central Bank (ECB) and the Chinese central bank to help their economies fight off any slowdown.

Mining stocks were the best-performers, rising on speculation that weak manufacturing data might prompt Beijing to launch stimulus measures in the world's biggest metals consumer.

European stocks were also buoyed after ECB governing council member Jens Weidmann said the bank was not ruling out buying loans and other assets from banks to support the euro zone, which is slowly recovering from a sovereign debt crisis.

The pan-European FTSEurofirst 300 index, which rose 16 percent in 2013 to post its best annual gain since 2009, advanced 1.3 percent to 1,310.13 points by 1521 GMT, bouncing back from a 1-percent decline in the previous session.

The euro zone's blue-chip Euro STOXX 50 index rose 1.4 percent to 3,096.86 points while the STOXX Europe 600 Basic Resources index - which includes top mining stocks - outperformed with a 2.6 percent climb.   Continuación...