European shares boosted by data, Spanish results

jueves 24 de julio de 2014 12:41 GYT

(Adds closing prices)

* Euro STOXX 50 up 0.8 pct, FTSEurofirst 300 up 0.5 pct

* Strong euro zone data, Spanish results lift recovery hopes

* Earnings picture mixed; BASF falls after miss

By Francesco Canepa

LONDON, July 24 (Reuters) - European shares rose on Thursday as better-than-expected economic data and some strong corporate results in Spain injected some optimism about the region's recovery.

A survey showing the euro zone's private sector expanded at the fastest rate in three months in July helped dispel investor concerns after a string of disappointing data in recent months.

"People were over-responding to some of the weaker numbers," said Peter Westaway, head of the investment strategy group at Vanguard, noting that seasonal factors and geopolitical tensions in Ukraine had weighed on recent surveys.

"The underlying story is still intact, which is the recovery is ongoing but is weak."   Continuación...