European shares rise as consumer prices drop, put pressure on ECB

miércoles 7 de enero de 2015 13:48 GYT

* FTSEurofirst 300 up 0.5 pct after eurozone consumer prices fall

* Expected ECB action positive for equities -HSBC strategist

* Air France shares slip after militant attack in Paris

* Greek shares fall as bond yields rise above 10 percent (Includes closing prices)

By Francesco Canepa

LONDON, Jan 7 (Reuters) - European shares rose on Wednesday, halting a three-day slide, after a report showed consumer prices fell more than expected, increasing the chances the European Central Bank would begin a long-awaited bond-buying scheme.

Euro zone consumer prices fell 0.2 percent in December compared with the same month last year, a first estimate by the European statistic office showed. Prices last fell in October 2009.

The pan-European FTSEurofirst 300 share index closed up 0.5 percent, paring its gains towards the end of the trading day.

"We don't think investors should fight the ECB," said Robert Parkes, a strategist at HSBC. "We think they will deliver quantitative easing (bond-buying) in the first quarter, and that will offer support to European stocks."   Continuación...