Forecast-beating German GDP sends DAX to record high

viernes 13 de febrero de 2015 05:41 GYT
 

* FTSEurofirst 300 up 0.6 pct, hits 7-year high

* German GDP grew by 0.7 pct in Q4, more than expected

* ArcelorMittal rises as details on debt reassure

* Half way into earnings season, strong results so far

By Blaise Robinson

PARIS, Feb 13 (Reuters) - European shares rose in early trading on Friday, with robust growth figures from Germany sending the country's blue-chip DAX index to a record high.

Greek banking stocks jumped 17 percent, extending their recent rebound from a 75 percent slump since last March, as investors held out hope that a meeting on Monday could see Athens reach a deal with its creditors.

National Bank of Greece was up 16 percent and Bank of Piraeus up 14 percent, while the leading ATG index gained 6.6 percent.

L'Oreal also gained ground, up 1.9 percent after the world's biggest cosmetics group posted better-than-expected sales growth.   Continuación...