Buoyant steelmakers, U.S. payrolls boost Europe stocks

viernes 6 de marzo de 2015 10:03 GYT

* FTSEurofirst 300 up 0.5 pct, hits fresh 7-year high

* Stronger-than-expected U.S. jobs data lifts sentiment

* Steelmakers rise after sources say EU to impose duties

* $35 bln poured into Europe stocks, bonds since QE unveiled

By Blaise Robinson

PARIS, March 6 (Reuters) - European stocks rose on Friday with shares in stainless steel producers surging after news the European Union was set to impose anti-dumping duties on imports from China and Taiwan.

Stronger-than-expected U.S. jobs data also fuelled the rally. February non-farm payrolls data came at 295,000, much higher than a consensus of 240,000 and marking the 12th straight month of increases above 200,000, the longest such run since 1994.

Shares in European stainless steel producers were the top gainers on Friday, with in Outokumpu jumping 15.7 percent, Acerinox gaining 5.1 percent and Aperam soaring 11 percent.

Sources told Reuters the EU will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan. The Commission plans to set tariffs of about 25 percent for imports from China and of about 12 percent for Taiwanese product, following a complaint lodged in May 2014 by the European steel producers association.   Continuación...