European stocks post best month in more than 6 years

viernes 30 de octubre de 2015 13:37 GYT
 

* FTSEurofirst closes flat but up around 8 pct in Oct.

* Renault and Airbus rise after solid results

* BBVA and L'Oreal fall after disappointing figures

By Sudip Kar-Gupta

LONDON, Oct 30 (Reuters) - European stocks recorded their best month in more than six years on Friday, buoyed by gains at carmaker Renault and planemaker Airbus while investors also banked on more monetary stimulus for the region.

The pan-European FTSEurofirst 300 index closed flat but nevertheless rose around 8 percent over the course of the month for its best monthly performance since July 2009.

The euro zone's Euro STOXX 50 index rose 0.1 percent, while Germany's DAX gained 0.5 percent.

Some investors saw signs that the European Central Bank (ECB) would undertake more measures to spur business and trade in Europe as a reason to keep buying European equities.

"There are a lot of bargains out there and I expect the market to stabilise and gradually improve as we approach the end of the year," said Massimo Baggiani, head of international equities at asset manager Symphonia.   Continuación...