European shares rally after surprise BoJ easing
* FTSEurofirst 300 up 1.4 pct, extends 2-week bounce
* Down 2.4 pct in October, biggest drop in 16 months
* BNP boosted by results but Popular disappoints
By Francesco Canepa
LONDON, Oct 31 (Reuters) - European shares surged on Friday, on track for a second straight weekly gain, after the Bank of Japan surprised global financial markets by ramping up its massive stimulus spending.
At 1134 GMT, the FTSEurofirst 300 index of top European shares was up 1.4 percent at 1,346.57 points, extending its sharp two-week rally and tracking the Nikkei's 4.8 percent jump.
The Bank of Japan's decision to buy more assets helped ease concerns about the end of the U.S. Federal Reserve's own quantitative easing programme and the European Central Bank's reluctance so far to engage in large-scale bond buying despite sluggish inflation.
"There's euphoria in markets following the BoJ news. It will help offset the end of the Fed's QE, and also shows how determined central banks are in their fight against deflation," Saxo Bank trader Pierre Martin said.
French auto maker Renault, which has had a partnership with Japan's Nissan, rose 3.2 percent as a slump in the yen made Japanese exports more attractive. Continuación...