European shares rise as inflation data raises prospect of ECB action

martes 30 de septiembre de 2014 12:29 GYT
 

* FTSEurofirst 300 closes up 0.7 pct at 1,380.00 points

* Euro STOXX 50 index rises 1.2 pct to 3,225.93 points

* Weak inflation puts more pressure on ECB for action

* Car makers fall after Ford slashes profit outlook

By Sudip Kar-Gupta

LONDON, Sept 30 (Reuters) - European shares rose on Tuesday as a batch of weak inflation data increased the chances the European Central Bank will introduce new stimulus measures to boost the region's flagging economy.

Euro zone inflation slowed to 0.3 percent in September, in line with market forecasts, because of falling prices of unprocessed food and energy, according to a first estimate by the European Union's statistics office.

Inflation in the euro zone remains below the ECB target of close to but under 2 percent as the regional economy stagnates. That makes it more likely the central bank will introduce full-blown quantitative easing (QE) and buy government bonds to stimulate the economy.

The pan-European FTSEurofirst 300 index closed up by 0.7 percent at 1,380.00 points while the euro zone's blue-chip Euro STOXX 50 index advanced 1.2 percent to 3,225.93 points.   Continuación...