European shares rise on German sentiment boost, stimulus bets

martes 18 de noviembre de 2014 13:45 GYT
 

* FTSEurofirst 300 up 0.6 pct, Euro STOXX 50 up 1.2 pct

* ZEW beats expectations, boosts economic hopes

* Indexes underpinned by ECB stimulus speculation

* Trading in Areva halted as company suspends targets

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.

Frankfurt's DAX index rose 1.6 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 growth after Europe's biggest economy narrowly avoided recession.

"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 closed 0.6 percent higher at 1,360.22 points, with the euro zone-only Euro STOXX 50 up 1.2 percent at 3,120.42 points.   Continuación...