Ryanair powers European shares higher, set for strong weekly gains

viernes 21 de marzo de 2014 08:01 GYT

* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.4 pct

* Ryanair top gainer after well-received analyst day

* Euro STOXX 50 set for biggest weekly return since December

* Fund flows, polls point to further gains for equities (Updates prices, adds detail, quotes)

By Alistair Smout

LONDON, March 21 (Reuters) - European shares were set for strong weekly gains on Friday, demonstrating an ability to shrug off concerns over the Crimean crisis as strength in Ryanair and the mining sector helped growth sensitive sectors higher.

Irish airline Ryanair rose 3.7 percent, the top FTSEurofirst 300 riser, after a spate of upbeat broker comment following an update on its marketing overhaul and financing plans.

"There was a positive site visit to Ryanair, and with fares going up this summer and improved booking, and it's prompted the likes of Deutsche Bank to push them today," Zeg Choudhry, head of equities trading at Northland Capital, said.

The basic resources sector was up 1 percent, rebounding from near two-month lows, with miners boosted by speculation that China could support its economy through stimulus measures, traders said.   Continuación...