European shares rise before ECB decision

jueves 3 de diciembre de 2015 06:45 GYT

* Pan-European index FTSEurofirst 300 rises 0.6 pct

* ECB measures could include rate cut, asset purchase changes

* Auto sector seen benefiting from weaker euro

* Italian grid operators rise after regulator move (Adds details)

By Danilo Masoni

MILAN, Dec 3 (Reuters) - European shares rose on Thursday as investors prepared for new stimulus from the European Central Bank later in the day, with carmakers and other exporters lifted by expectations the policy easing will further weaken the euro.

The pan-European FTSEurofirst 300 index was up 0.6 percent, trailing three-month highs, and the euro zone's blue-chip Euro STOXX 50 was 0.8 percent higher.

Prospects of new ECB stimulus has helped drive European stocks higher. ECB chief Mario Draghi, who has a track record of positively surprising markets, is seen delivering measures that could include a deposit rate cut and changes to the bank's asset-buying programme.

"The focus of the market is on how much Draghi will be able to surprise," said Giuseppe Sersale, fund manager at Anthilia Capital Partners in Milan. If Draghi is seen to have disappointed the market, the risk is for a "robust correction", he added.   Continuación...