FTSEurofirst 300 index heads for best month in three years

viernes 30 de enero de 2015 05:16 GYT

* FTSEurofirst 300 index gains 0.1 percent

* DAX up 0.3 percent after retail sales data

* Greek shares recover after sharp falls

By Atul Prakash

LONDON, Jan 30 (Reuters) - The pan-European FTSEurofirst 300 index edged higher on Friday and headed for its best monthly performance in three years, with positive German retail sales data improving sentiment and helping the benchmark DAX index.

The FTSEurofirst 300 was up 0.1 percent at 1,473.99 points by 0850 GMT. The index has gained 7.7 percent in January, its best month in percentage terms since late 2011, on expectations of a bond-buying programme by the European Central Bank, which was finally announced earlier this month.

Germany's DAX, up 0.3 percent, outperformed the pan-European index after data showing German retail sales increased for a fifth consecutive year in 2014, rising by 1.4 percent in real terms, reflecting the buoyant mood among consumers in Europe's largest economy.

The figures follow Thursday's data showing Spanish retail sales leapt 6.5 percent year-on-year on a calendar-adjusted basis in December, the biggest increase since 2003.

"Retail sales in Germany and Spain, as well as consumer spending in France, are above expectations. These are the first signs for the positive impact from low oil prices and are a good support for equities," Christian Stocker, equity strategist at UniCredit in Munich, said.   Continuación...