Forecast-beating German GDP sends DAX to record high

viernes 13 de febrero de 2015 13:29 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 (Updates with closing prices)

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 by a recovery in Greek stocks.

The FTSEurofirst 300 index of top European shares closed up 0.6 percent at 1,502.82 points, having hit a seven-year high. Germany's DAX was up 0.5 percent, touching a record high at 11,013.850.

The German economy grew by 0.7 percent in the fourth quarter of 2014, much more than expected, with domestic demand lifting Europe's largest economy out of its mid-year lull.

"It's extremely reassuring that (Germany) is not losing momentum while the Greece situation remains unresolved," said Veronika Pechlaner, European equity fund manager at Ashburton.   Continuación...