European stocks extend rally backed by brisk investment inflows

viernes 20 de marzo de 2015 13:29 GYT

* FTSEurofirst 300 up 0.8 pct, hits 2007 year highs

* 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 2.9 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 top share index FTSE 100 rose 0.9 percent and hit record highs, vaulting above the psychological level of 7,000 points for the first time in its history.

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...