European shares lifted by prospect of more ECB stimulus

lunes 25 de agosto de 2014 05:58 GYT

* Euro STOXX 50 up 0.9 pct

* Draghi comments raise expectations of more easing

* Draghi offsets negative pressure from weak Ifo number

* CAC up 0.9 pct in spite of French govt resignation

* London stock market closed for public holiday

By Sudip Kar-Gupta

LONDON, Aug 25 (Reuters) - European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank enabled the region's stock markets to shrug off weak German data and the resignation of the French government.

European Central Bank President Mario Draghi, speaking at a global central banking conference in Jackson Hole, Wyoming, said late on Friday that the ECB was prepared to respond with all its "available" tools should inflation drop further.

Draghi's comments helped offset negative pressures from weak German Ifo economic data on Monday, which showed that German business sentiment dropped for a fourth straight month in August, and from the French government's resignation.   Continuación...