Europe shares lifted by Ukraine peace deal and Swedish stimulus

jueves 12 de febrero de 2015 07:21 GYT

* Stocks rally as Ukraine peace deal announced

* Swedish stock market hits record high on rate cut, QE move

* Ct Suisse, Renault rise after results

By Sudip Kar-Gupta and Blaise Robinson

LONDON/PARIS, Feb 12 (Reuters) - European share indexes hit multi-year highs on Thursday, boosted by a Ukraine peace deal and new economic stimulus measures in Sweden.

The leaders of Germany, France, Russia and Ukraine agreed a deal to end fighting in eastern Ukraine, participants at the summit talks said on Thursday.

Germany's DAX -- which features companies that sell cars and other products to Russia -- rose 1.6 percent to approach the DAX's earlier record highs, while France's CAC rose 1 percent to its highest level in around seven years.

Sweden's benchmark OMXS30 equity index also hit a record high after Sweden's central bank moved its key interest rate into negative territory and launched bond purchases in a process known as "quantitative easing" (QE) to bolster its economy.

"The Ukraine situation remains volatile but the medium-term outlook for European equities is positive. Investors could look to take profits in the short term, but European equities should be able to outperform U.S. equities," said Francois Savary, chief investment strategist at Swiss bank Reyl.   Continuación...