Spain leads European shares higher as Scots snub independence

viernes 19 de septiembre de 2014 03:46 GYT
 

* FTSEurofirst 300 up 0.9 pct, touches best level since 2008

* Spanish IBEX outperforms after Scotland "No" vote

* Banks also buoyed by Scottish vote result

By Sudip Kar-Gupta

LONDON, Sept 19 (Reuters) - European shares surged on Friday after Scotland's decision to vote "No" to independence from the United Kingdom buoyed equity markets and eased concerns about similar separatist movements in Spain.

The pan-European FTSEurofirst 300 index rose 0.9 percent to hit a new peak for 2014 of 1,410.93 points - and marking its highest level since early 2008.

The euro zone's blue-chip Euro STOXX 50 index rose 0.7 percent, while Germany's DAX and France's CAC both advanced by 0.6 percent.

Spain's IBEX outperformed with a 1.3 percent rise, helped by a fall in Spanish 10-year government bond yields as markets viewed Scotland's "No" vote in its independence referendum as having reduced prospects of a stronger push for a breakaway in Catalonia.

The European stock markets tracked gains on Britain's FTSE 100, which rallied after Scotland spurned independence in a historic referendum that threatened to rip the United Kingdom apart, sow financial turmoil and diminish Britain's remaining global clout.   Continuación...