Germany's DAX extends rally; OPEC sinks energy firms

jueves 27 de noviembre de 2014 11:32 GYT
 

* FTSEurofirst 300 up 0.4 pct, DAX up 0.6 pct

* Stimulus speculation helps euro zone stocks

* DAX gains ground for 11th straight session

* Energy shares under pressure as OPEC maintains supply (Adds comment, detail)

By Alistair Smout

LONDON, Nov 27 (Reuters) - European shares rose on Thursday led by the German DAX, which extended its recent sharp rally on the back of encouraging data and expectations of further stimulus measures from the European Central Bank.

Gains were capped by oil-related stocks as Brent crude extended its recent slide and the Organisation of the Petroleum Exporting Countries (OPEC) confirmed they would not cut supply in the face of falling prices.

The DAX was up 0.6 percent, rising for its 11th straight session after Germany's unemployment rate touched a record low in November, highlighting the gap between the euro zone's largest economy and its struggling partners.

At the same time weak inflation data raised again the spectre of deflation in the region, boosting Spanish and Italian stocks as expectations mounted that the European Central Bank would buy bonds in response.   Continuación...