European shares rise on ECB stimulus hopes; Infineon shines
* Pan-European FTSEurofirst 300 index up 0.8 percent
* Infineon soars after results, dividend beat expectations
* BHP Billiton falls after downgrade
* Volkswagen leads gains by car makers (Adds detail)
By Danilo Masoni and Alistair Smout
MILAN/LONDON, Nov 26 (Reuters) - European shares rose on Thursday, helped by growing expectations of aggressive European Central Bank action next week. A solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support.
The pan-European FTSEurofirst 300 index was up 0.8 percent at 1,514.53 points after gaining 1.4 percent on Wednesday. The Euro STOXX 50 was up 1.1 percent.
The euro edged towards seven-month lows against the dollar as investors bet that the ECB would ease policy again in December.
"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...