European shares eye biggest weekly gain of 2014 as BoJ eases
* FTSEurofirst 300 up 1.7 pct
* Eyes biggest weekly gain so far this year
* Down 2 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 their biggest weekly gain so far this year, after the Bank of Japan surprised global financial markets by ramping up its massive stimulus spending.
At 1448 GMT, the FTSEurofirst 300 index of top European shares was up 1.7 percent at 1,350.87 points, setting it on course for a 2.9 percent weekly gain, the biggest since December 2013.
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. Continuación...