ECB's Draghi helps European shares reverse early losses
* 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 (Updates with closing prices)
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 closed 0.5 percent higher at 1,352.01 points, extending gains after the European Central Bank President said unconventional measures could include the purchase of sovereign bonds. Continuación...