Euro zone shares post biggest two-day gain since June 2013

lunes 24 de noviembre de 2014 13:41 GYT

* Euro STOXX 50 up 0.6 pct, posts biggest 2-day rise in 17 months

* 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, with a regional index bagging its biggest two-day rise in 17 months, as expectations of more monetary stimulus and some positive German economic data boosted sentiment.

After European Central Bank chief Mario Draghi promised on Friday to use whatever means necessary to raise inflation, investors were betting the ECB would soon unveil new measures, possibly including government bond purchases.

The euro zone Euro STOXX 50 index rose 0.6 percent to 3,211.70 points, taking its gain since the close on Thursday to 3.5 percent, the biggest two-day rise since June 2013.

"We're still very bullish on European assets just because of the ECB policy that is going to trump everything else," said Patrick Armstrong, chief investment officer at Plurimi Investment Managers.

The index trimmed its gains in late trade after ECB governing council member Jens Weidmann, who is president of Germany's Bundesbank, said additional measures would encounter legal hurdles.   Continuación...