Record inflows help fuel European stock rally

lunes 17 de febrero de 2014 08:05 GYT
 

* FTSEurofirst 300 gains 0.5 pct, up 5.3 pct in 2 weeks

* Europe stocks see record $17 bln in inflows year-to-date

* Italian shares steady as Renzi set to form government

* France's CAC 40 hits highest since November

By Blaise Robinson

PARIS, Feb 17 (Reuters) - European stocks rose on Monday, extending a brisk two-week rally fuelled by record inflows as an increasing number of investors bet on the region's economic recovery.

Easing worries over emerging markets as well as data showing brisk lending in China boosted shares in miners, with BHP Billiton up 1.3 percent and Glencore Xstrata up 1.5 percent.

At 1130 GMT, the FTSEurofirst 300 index of top European shares was up 0.5 percent at 1,338.67 points, a level not seen in 3-1/2 weeks.

The benchmark index, which has surged 5.3 percent over the past two weeks, is about 1.1 percent below a 5-1/2 year high hit in January.   Continuación...