European shares hit 3-month highs on ECB stimulus hopes

viernes 20 de noviembre de 2015 10:57 GYT

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By Alistair Smout and Danilo Masoni

LONDON/MILAN, Nov 20 (Reuters) - European shares were on track for their best week in a month on Friday with a benchmark index rising to three-month highs, helped by growing expectations of more European Central Bank stimulus.

The pan-European FTSEurofirst 300 index rose 0.4 percent and was up around 3.5 percent on the week, while the Euro STOXX 50 gained 0.5 percent.

Investors said sentiment was underpinned by a fresh pledge by ECB chief Mario Draghi to act quickly to boost anaemic inflation, highlighting changes to the bank's asset-purchase programme and deposit rates as possible tools.