Buoyant steelmakers help Europe stocks keep rally alive

viernes 6 de marzo de 2015 13:25 GYT

* FTSEurofirst 300 ends up 0.1 pct after hitting 7-year high

* Steelmakers surge 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 ended slightly higher 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.

Finland's Outokumpu jumped 18 percent, Spain's Acerinox gained 6 percent and Luxembourg-based Aperam soared 9.9 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.

Thomas Cook also featured among the top gainers, jumping 24.5 percent after a Chinese investor bought a stake in the travel group. Fosun International, which recently took over France's Club Mediterranee, acquired a 5 percent stake in the British firm and said it would seek to double it to 10 percent.

The FTSEurofirst 300 index of top European shares ended 0.1 percent higher at 1,570.79 points, after hitting a seven-year high during the session. It gained 0.5 percent on the week, posting its fifth weekly gain in a row.   Continuación...