Europe shares extend rally on U.S. jobs, ECB policy talk

viernes 4 de abril de 2014 11:02 GYT

* FTSEurofirst 300 up 0.7 pct, Euro STOXX 50 up 0.9 pct

* U.S. payrolls reassure on economic growth rate

* Report on potential European QE boosts peripherals

* Lafarge, Holcim surge on report of merger talks

By Blaise Robinson

PARIS, April 4 (Reuters) - European stocks rose on Friday, gaining ground for the ninth straight session, as U.S. jobs data suggested a solid pace of hiring for a second month in a row.

A report saying European Central Bank models suggest that 1 trillion euros of asset purchases would raise inflation by 0.2 to 0.8 percentage point spurred a late rally in euro zone peripheral stocks, with Madrid's IBEX up 0.9 percent and Milan's FTSE MIB up 0.8 percent.

The closely-watched non-farm payrolls increased by 192,000 last month, just shy of the 200,000 forecast, after rising 197,000 in February, while the unemployment rate stayed at 6.7 percent.

"It's mostly the positive revision for February that's a good surprise. It removes doubts about the pace of U.S. growth," said Alexandre Baradez, chief market analyst at IG France.   Continuación...