European shares advance, Swiss index hits 9,000

miércoles 19 de noviembre de 2014 09:48 GYT

* FTSEurofirst 300 index rises 0.3 pct

* Swiss SMI index touched 9,000 mark

* Miners slip, track fall in iron ore prices

By Atul Prakash

LONDON, Nov 19 (Reuters) - The pan-European FTSEurofirst 300 share index climbed to a seven-week high on Wednesday, helped by broker upgrades, and Switzerland's SMI equity index hit the 9,000 mark for the first time since late 2007.

Prudential rose 1.3 percent after Deutsche Bank increased its target price for the stock to 1,680 pence from 1,630 pence, Severn Trent was up 2.3 percent on a HSBC upgrade to "neutral" from "underweight" and AstraZeneca gained 1.7 percent after Natixis raised its price target.

At 1312 GMT, the FTSEurofirst 300 of top European shares was up 0.27 percent at 1,363.12 points after rising to 1,365.25, the highest level since early October.

Germany's DAX rose 0.48 percent, building on gains on Tuesday when a 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.

The Swiss SMI index rose 0.2 percent to 8,988.84 points after reaching an intra-day high of 9,001.84 points. It has gained nearly 10 percent so far this year, outpacing all European major stock indexes including Germany's DAX, down 0.7 percent over the same period.   Continuación...