European shares leap as ECB keeps up monetary support programme
* ECB to re-examine monetary support measures in December
* FTSEurofirst 300 and Euro STOXX 50 climb higher
* Publicis slumps after growth target cut
By Sudip Kar-Gupta
LONDON, Oct 22 (Reuters) - European stocks jumped on Thursday after the European Central Bank decided to stick with its monetary support programme and to reassess in December whether further measures might be needed.
The pan-European FTSEurofirst 300 index rose 2.1 percent towards the close of trading, while the euro zone's blue-chip Euro STOXX 50 index climbed 2.7 percent.
The ECB kept interest rates unchanged at a record low. It also left the key parameters of its quantitative easing (QE) scheme unchanged but said it would re-examine the policy at its meeting in December.
Although some rate setters, such as Bank of Spain Governor Luis Maria Linde, have argued that the ECB should tweak the asset purchases now, most believe quantitative easing needs to be given more time to work as its positive effects are just starting to pass through. Continuación...