European shares set for biggest gain since January, led by miners

viernes 9 de octubre de 2015 06:34 GYT
 

* FTSEurofirst 300 index rises 0.8 percent

* Miners top gainers as metals prices surge

* Givaudan shares rise as maintains targets

* Volkswagen ordinaries rally, outperforming preferentials

By Atul Prakash

LONDON, Oct 9 (Reuters) - Top European stocks hit a one-month high on Friday and were set for their biggest weekly gain since late January on stronger mining shares and renewed hopes of interest rates staying ultra-low for longer.

The pan-European FTSEurofirst 300 index is up 4.8 percent so far this week, with investors back buying equities after a sharp sell-off in August and September, reassured by some stabilisation in commodity prices. The index was up 0.8 percent on Friday.

The Bank of England on Thursday showed no sign it was close to raising rates, while minutes of the most recent Federal Reserve meeting showed it decided to wait for evidence that a global slowdown would not knock a U.S. recovery off course.

"The jury is still out whether the Fed will hike rates in December or early 2016, but this seems to be enough to lift global stocks after a horrible third quarter," Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets, said.   Continuación...