European shares rise on ECB stimulus hopes; Infineon shines

jueves 26 de noviembre de 2015 06:00 GYT

* Pan-European FTSEurofirst 300 index up 0.4 percent

* Infineon soars after results, dividend beat expectations

* BHP Billiton underperforms miners after downgrade

* Auto sector in demand led by Volkswagen (Adds details,)

By Danilo Masoni

MILAN, Nov 26 (Reuters) - European shares rose on Thursday, helped by growing expectations of aggressive European Central Bank action next week, while a solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support.

The pan-European FTSEurofirst 300 index was up 0.38 percent by 0930 GMT after gaining 1.4 percent on Wednesday , while the Euro STOXX 50 was up 0.53 percent.

"Expectations surrounding the ECB are running very high and this is driving European markets higher, weakening the euro and helping them do better than U.S. stocks," said Marco Vailati, head of research and investment at Italy's Cassa Lombarda.

"I think and hope the ECB will not disappoint but I realise that it won't be that easy," he said.   Continuación...