Forecast-beating German GDP sends DAX to record high

viernes 13 de febrero de 2015 07:46 GYT

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

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

* Greek markets rally on hopes of debt negotiation progress

* ArcelorMittal rises as details on debt reassure

By Alistair Smout and Blaise Robinson

LONDON/PARIS, Feb 13 (Reuters) - European shares rose on Friday, boosted by robust growth figures from Germany that sent the country's blue-chip DAX index to a record high and a recovery in Greek stocks.

At 1125 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,502.25 points, hitting a seven-year high. Germany's DAX was up 0.6 percent, touching a record high at 11,013.850.

Data from Germany showed the economy grew by 0.7 percent in the fourth quarter of 2014, much stronger than expected, with domestic demand lifting Europe's largest economy out of its mid-year lull.

"The GDP numbers from Germany have picked up this morning. It's extremely reassuring that it's not losing momentum while the Greece situation remains unresolved," Veronika Pechlaner, European equity fund manager at Ashburton, said.   Continuación...