Euro zone shares jump on German data, ECB easing bets

lunes 24 de noviembre de 2014 08:12 GYT
 

* Euro STOXX 50 up 1 pct, FTSEurofirst 300 up 0.4 pct

* ECB stimulus bets, German data boost euro zone stocks

* Biggest M&A wave in 7 years also lifts sentiment

By Francesco Canepa

LONDON, Nov 24 (Reuters) - Euro zone shares rose on Monday, adding to Friday's strong gains, as expectations of more monetary stimulus in the bloc and some positive German economic data boosted sentiment.

Investors were betting the European Central Bank would soon unveil new measures to expand its balance sheet, possibly including government bond purchases, after President Mario Draghi promised on Friday to use whatever means necessary to raise inflation.

The euro zone Euro STOXX 50 index was up 1 percent at 3,225.47 points at 1150 GMT, taking its gain since the close on Thursday to 4 percent. If it holds Monday's gain until the close of trade it would mark the biggest two-day rise since April 2013.

Euro zone banks, which are heavily exposed to the bloc's economy and own significant amounts of sovereign debt, were the best sectoral performers, rising 2 percent.

Export-oriented auto stocks rose 1.5 percent as the prospect of further ECB easing sent the euro flirting with a two-year trough against the dollar.   Continuación...