DAX sets record high and Zurich recovers as European stocks rally

lunes 16 de marzo de 2015 09:42 GYT

* DAX hits new record highs, over 12,000 points

* Swiss market back near levels before SNB ended franc peg

* FTSEurofirst 300 up 0.7 pct

* Siemens rises on Egyptian power deals

* Special Catholic Holy Year lifts Autogrill and Atlantia

By Sudip Kar-Gupta

LONDON, March 16 (Reuters) - Germany's DAX raced to new record highs on Monday as European stocks extended their recent sharp rally as investors bet the weakened euro would boost the region's economy and lift exporter earnings.

The European rally also pushed up Switzerland's SMI equity index back near levels last seen in January, before a slump in that index caused by a surge in the franc after the Swiss National Bank (SNB) abandoned a three-year peg holding the value of its currency to 1.20 francs per euro.

The DAX -- which unlike many other European equity indexes factors in returns from dividends -- rose 1.6 percent to 12,088.68 points, smashing through the 12,000-point level for the first time.   Continuación...