ECB's Draghi helps European shares reverse early losses

lunes 17 de noviembre de 2014 12:42 GYT

* FTSEurofirst 300 up 0.5 percent

* Draghi hints at QE, Euro zone banks gain

* Merck gains after Pfizer deal

* H&M boosted by forecast-beating sales

* Weir hit by renewed slump in crude (Recasts, adds quotes, detail)

By Alistair Smout

EDINBURGH, Nov 17 (Reuters) - European shares turned solidly positive on Monday after ECB President Mario Draghi reasserted that he was ready to do more to fight deflation.

Shrugging off worries that Japan's economy has unexpectedly slipped into recession, the market also drew confidence from earnings reports, merger and acquisition news and appetite for more volatile stocks.

The FTSEurofirst 300 index of top European shares had risen 0.5 percent to 1,351.65 points at 1544 GMT, extending gains after the European Central Bank President said unconventional measures could include the purchase of sovereign bonds.   Continuación...