European shares end best week since January at one-month high

viernes 9 de octubre de 2015 12:45 GYT
 

* FTSEurofirst 300 index rises 0.36 percent

* Miners top gainers as metals prices surge

* Givaudan shares rise as maintains targets

* Volkswagen ordinaries rally

By Danilo Masoni and Atul Prakash

MILAN/LONDON, Oct 9 (Reuters) - European shares rose to a one-month high on Friday after making their biggest weekly gain since January as mining stocks gained and hopes grew that interest rates would stay low for longer.

The pan-European FTSEurofirst 300 index rose up 4.4 percent this week, with investors - reassured by more stable commodities prices - buying equities despite a string of weak economic data. The index ended up 0.36 percent on Friday.

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

"The market seems to have switched back into a QE mood where bad news is being interpreted positively as expectations grow that central banks could be induced to further ease their monetary policy stance," said Emanuele Rigamonti, capital structure analyst at JCI Capital in London.   Continuación...