European shares set for biggest daily gain in 15 months

viernes 17 de octubre de 2014 10:40 GYT
 

* FTSEurofirst 300 up 2.4 pct after strong U.S. data

* Greek banks up 7 pct as election fears ease

* Car makers rally after positive sales figures

* European equity funds suffer record weekly outflows -Lipper

By Francesco Canepa

LONDON, Oct 17 (Reuters) - European stocks were on track for their steepest daily rise in over a year on Friday as stronger U.S. data helped fuel a rebound from recent, sharp losses and worries about Greece's political stability eased.

At 1429 GMT, the pan-European FTSEurofirst 300 index was up 2.4 percent at 1,276.21 points, setting it on track for its biggest daily bounce since July 4, 2013. Volume was 30 percent higher than the index's full day average for the past three months.

The FTSEurofirst extended gains in the afternoon after a widely followed survey showed U.S. consumer sentiment rose in October to the highest in more than seven years, boosted by views on personal finances and the national economy.

The index had fallen nearly 12 percent over the previous month, as a raft of weak euro zone macro economic data raised the spectre of a new recession in the region as the Federal Reserve winds down its asset purchase programme and the European Central Bank has yet to start its own.   Continuación...