European shares at highest level since 2000 as euro slips again

viernes 10 de abril de 2015 07:14 GYT
 

* FTSEurofirst 300 up 0.6 pct, hits highest since 2000

* Renewed drop in euro revives earnings recovery hopes

* Hays falls, blames UK general election for net fee slowdown

By Francesco Canepa and Blaise Robinson

LONDON/PARIS, April 10 (Reuters) - European shares powered ahead to their highest level since 2000 on Friday as the euro weakened to its lowest since mid-March.

At 1048 GMT, the FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,639.57 points, surpassing its 2007 peak and taking its gains so far this year to 20 percent.

Germany's DAX index, which includes dividends unlike most other benchmarks, was up 1.2 percent, hitting a fresh record high, while France's CAC 40 was up 0.5 percent to its highest level since 2008. Britain's FTSE 100 index rose 0.4 percent, hovering below a record high hit in March.

Shares in France's Carrefour featured among the top gainers, rising 1.9 percent after the world's second biggest retailer reported better-than-expected quarterly sales, driven by growth in Latin America and an improvement at its domestic hypermarkets.

The euro's fall over the past year is seen supporting a recovery in the region's growth and in corporate profits. The single currency, which fell to 1.0594 against the dollar on Friday, has slipped more than 3 percent this week.   Continuación...