European shares rise as ECB seen opening door to more stimulus

viernes 21 de noviembre de 2014 05:26 GYT
 

* FTSEurofirst 300 up 0.8 pct, Euro STOXX 50 up 1.1 pct

* Draghi comments seen opening door to more stimulus

* Euro STOXX 50, DAX, CAC eye first weekly gain of the month

By Francesco Canepa

LONDON, Nov 21 (Reuters) - European shares rose on Friday as dovish comments by European Central Bank chief Mario Draghi reignited speculation the ECB will inject more monetary stimulus into the euro zone economy.

Speaking at a congress in Frankfurt, Draghi highlighted weak economic activity indicators from the bloc earlier this week and said the ECB would broaden the size, pace and composition of its asset purchase programme if needed.

"Draghi recognised that acting in a speedy fashion is necessary to avoid a deterioration in the inflation rate," said Vincenzo Longo, a strategist at IG.

"The market extended gains as it started discounting quantitative easing on sovereign bonds from December."

The pan-European FTSEurofirst 300 index was up 0.8 percent at 1,367.73 points at 0910 GMT, while the Euro STOXX 50 index was up 1.1 percent at 3,135.13 points.   Continuación...