Euro zone shares post biggest two-day rise in 14 months on ECB bet

martes 26 de agosto de 2014 12:37 GYT

* Euro STOXX 50 up 1 percent

* Index posts biggest two-day gain since June 2013

* Investors buy market dips on ECB stimulus bet

* Steelmakers boosted by UBS upgrade

By Francesco Canepa

LONDON, Aug 26 (Reuters) - Euro zone blue chips recorded their biggest two-day gain in over a year on Tuesday, boosted by the prospect of further stimulus from the European Central Bank (ECB) and by strong gains for some steelmakers.

The euro zone's Euro STOXX 50 index closed 1 percent higher, posting its steepest two-day rise since June 2013 at 3.2 percent.

Shares on both sides of the Atlantic have been boosted by comments from ECB President Mario Draghi, who is seen as having opened the door to a large-scale asset-buying scheme known as quantitative easing, or QE, to pump cash into the financial system and revive inflation.

"Draghi's readiness to do more is providing the necessary boost for equity indexes," Ashraf Laidi, chief global strategist at City Index, said.   Continuación...