European stocks extend rally backed by brisk investment inflows

viernes 20 de marzo de 2015 11:40 GYT

* FTSEurofirst 300 up 0.6 pct, hits 7-1/2 year high

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

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

* Zodiac slides after profit warning

By Blaise Robinson

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

Athens' benchmark ATG index rose 4.1 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.

Outside the euro zone, Britain's FTSE 100 hit a record high as it rose above 7,000.

Bank of America-Merrill Lynch said European equity funds had seen $5.4 billion in investment inflows in the past week. That brought 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.   Continuación...