Spain lifts European shares towards 8th straight weekly gain

viernes 6 de junio de 2014 04:23 GYT

* FTSEurofirst 300 up 0.1 pct

* Spanish shares rise again following ECB, banks in demand

* But Monte Paschi, BNP weigh on national indexes

* Non-farm payrolls due 1230 GMT, wide range of estimates

By Alistair Smout

EDINBURGH, June 6 (Reuters) - Spanish blue chips led European shares towards their eighth straight week of gains on Friday, a day after the European Central Bank eased monetary policy on several fronts, though trade was cautious ahead of U.S. jobs data.

Banks in states on the euro zone periphery were in demand, helping boost Spanish shares by 0.4 percent. Italian shares gave away early gains, however, after Banca Monte Paschi priced a cash call at a discount.

Hopes that the ECB would act have fuelled European stocks on their winning run - the longest on the FTSEurofirst 300 since an 11-week streak in mid-2012 that was supported by ECB President Mario Draghi's pledge to do "whatever it takes" to save the euro.

The FTSEurofirst 300 edged up by 0.1 percent on Friday, with banks up 0.8 percent.   Continuación...