European shares rise on German sentiment boost, stimulus bets

martes 18 de noviembre de 2014 10:56 GYT

* FTSEurofirst 300 up 0.6 pct, Euro STOXX 50 up 1 pct

* ZEW beats expectations, boosts improvement hopes

* Indexes underpinned by ECB stimulus speculation

By Francesco Canepa

LONDON, Nov 18 (Reuters) - European stocks rose for a second straight day on Tuesday, helped by an improvement in German economic sentiment and speculation about fresh monetary stimulus in the euro zone.

At 1444 GMT, Frankfurt's DAX index was up 1.4 percent after the ZEW survey showed German analyst and investor sentiment rose in November for the first time in almost a year, beating expectations and raising hopes of an improvement in Europe's biggest economy.

"We do think that the German economy is going to hold its growth momentum of this year into the next - so no major improvement but no disappointment," Matthias Thiel, a strategist at M.M. Warburg & CO in Hamburg, said.

The FTSEurofirst 300 index of top European shares was up 0.6 percent at 1,359.91 points, with the euro zone-only Euro STOXX 50 up 1 percent at 3,116.99 points.

The indexes were extending gains from the previous session, when the European Central Bank President Mario Draghi said the bank's stimulus is gaining traction but repeated the central bank's readiness to do more if necessary.   Continuación...