Prospects of stimulus from ECB, China revive European shares

martes 25 de marzo de 2014 13:43 GYT
 

* FTSEurofirst 300 closes up 1.3 pct at 1,310.83 points

* Miners lifted by speculation of China central bank action

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

* Euro STOXX ends up 1.4 pct at 3,096.44 points

* FTSEurofirst has biggest 1-day gain since March 4

By Sudip Kar-Gupta

LONDON, March 25 (Reuters) - European shares rebounded on Tuesday, anticipating 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 prop up economic growth in the world's biggest metals consumer.

European stocks were also buoyed after ECB governing council member Jens Weidmann said the ECB 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.   Continuación...