European shares rise as Chinese growth figures reassure

martes 20 de enero de 2015 05:49 GYT
 

* FTSEurofirst 300 up 0.7 pct, at new 7-yr high

* Greek shares fall; Syriza gains momentum

* SAP stock drops after group trims outlook

By Blaise Robinson

PARIS, Jan 20 (Reuters) - European shares touched new seven-year highs on Tuesday after data showed China's economic growth slowed less than feared and on expectations the European Central Bank will launch a quantitative easing programme later this week.

Danish enzyme maker Novozymes featured among the top gainers, surging 5.1 percent, with traders citing a new buyback programme as one of the catalysts for the stock's rally.

Overall, Danish stocks underperformed slightly, with the OMX Copenhagen 20 index up 0.2 percent. Denmark's central bank cut its certificate of deposit and lending rates by 0.15 percentage points, deeper into negative territory, on Monday to stop the crown currency strengthening after the Swiss franc's cap to the euro was scrapped last week.

At 0910 GMT, the FTSEurofirst 300 index of top European shares was up 0.7 percent at 1,419.33 points, topping Monday's seven-year high.

China's economy grew 7.4 percent in 2014, its slowest pace in 24 years and barely missing the country's official 7.5 percent target. But the data was seen as a relief for investors, who had feared a sharper slowdown.   Continuación...