Euro zone shares set for biggest weekly gain in 2014

viernes 21 de marzo de 2014 05:39 GYT
 

* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.6 pct

* Euro STOXX 50 set for biggest weekly return since December

* Moller-Maersk gains after regulatory win

* Fund flows, polls point to further gains for equities

By Alistair Smout

LONDON, March 21 (Reuters) - A top European share index was set for its best week of the year on Friday although stocks exposed to Russia remained sensitive as investors assessed the impact of tit-for-tat sanctions over the Ukraine crisis.

Russia has annexed Crimea from Ukraine, a move condemned by the West, but Moscow's assertion that no other Ukrainian region would be subject to intervention helped European stocks to move higher on Monday and Tuesday.

"The longer this goes on, the more relaxed people are about it. There's generally been an avoidance of bloodspill, and it's been a relatively painless transition of Crimea from Ukraine to Russia," Alastair McCaig, analyst at IG, said.

"In contrast to this time last week, when we were nervous about what would happen over the weekend (in the referendum), there's a bit more of a relaxed mentality."   Continuación...