European shares post biggest daily gain in three years

viernes 17 de octubre de 2014 12:37 GYT
 

(Updates with closing prices)

* FTSEurofirst 300 up 2.8 pct after strong U.S. data

* Euro zone banks rally on ECB stimulus speculation

* Car makers rally after positive sales figures

* European equity funds suffer record weekly outflows -Lipper

By Francesco Canepa

LONDON, Oct 17 (Reuters) - A key pan-European equity index posted its biggest daily gain in three years on Friday as stronger U.S. data fuelled a rebound from recent sharp losses and speculation about monetary easing stabilised lower-rated euro zone bonds.

The FTSEurofirst 300 index rose 2.8 percent to 1,280.17 points in its biggest daily bounce since Nov. 30, 2011. Trading volume on the index was at its highest since June 15, 2012, also boosted by a monthly option expiry.

The index extended gains after a widely followed survey showed U.S. consumer sentiment rose in October to the highest in more than seven years and strong earnings from U.S. industrial groups General Electric and Honeywell.   Continuación...