European stocks extend rally amid brisk investment inflows

viernes 20 de marzo de 2015 07:42 GYT

* FTSEurofirst 300 up 0.2 pct, hovers below 7-1/2 yr high

* Europe equities enjoy $42 bln of inflows in past 10 weeks

* Germany's DAX up 23 percent so far in 2015

* Zodiac sinks after profit warning

By Blaise Robinson

PARIS, March 20 (Reuters) - European stocks rose on Friday, with euro zone shares strongly outperforming again as global investors bet that a weaker euro would boost the region's economy and corporate earnings.

Athens' benchmark ATG jumped 2.8 percent after Greek Prime Minister Alexis Tsipras assured European Union creditors at late-night crisis talks in Brussels that his coalition would soon present a full set of economic reforms in order to unlock cash to stave off bankruptcy.

Bank of America-Merrill Lynch said European equity funds had seen $5.4 billion investment inflows in the past week, bringing total inflows for the last 10 weeks to $42 billion, fuelled by expectations that the European Central Bank's asset-buying scheme would revive growth.

At 1120 GMT, the FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,600.26 points, with Germany's DAX gaining 1 percent and Spain's IBEX rising 0.8 percent.   Continuación...