European shares post biggest weekly gain of 2014 as BoJ eases
* FTSEurofirst 300 up 1.8 pct
* Posts 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) - A key pan-European index posted its biggest weekly gain so far this on Friday after the Bank of Japan surprised global financial markets by ramping up its massive stimulus spending.
The FTSEurofirst 300 index of top European shares closed 1.8 percent higher at 1,351.96 points, taking its weekly gain to 3 percent, the largest since December 2013.
The Bank of Japan's decision to buy more assets helped ease concerns about the end of quantitative easing in the United States 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...